SOURCE: Industrial Info Resources

Industrial Info Resources

February 04, 2011 05:10 ET

South Africa's 'Game Changer' Karoo Shale Gas Prospects Face Environmental Interrogation, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - February 4, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In 2010, synfuel and chemical company Sasol Limited (NYSE:SSL) (Johannesburg) said that the discovery of major shale-gas reserves could be a "game changer" for the South African energy market. Although the country does not have an extensive gas pipeline infrastructure, it does have a well-developed national electricity grid, which could take power from gas-fed, combined-cycle power stations.

Falcon Oil & Gas (OTC:FOLGF) (Denver, Colorado) was the first company to apply for a permit to study the area and was allocated 30,000 square kilometers. Royal Dutch Shell (NYSE:RDS-A) (The Hague, Netherlands) was the second to obtain a permit, for an area of 185,000 square kilometers. The permit allows the company the exclusive right to study for 12 months, if there is potential for exploration.

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