Firm set to cash in on SA shale gas law change
A political u-turn in South Africa on fiscal terms for exploration companies may come as a huge boon to Falcon Oil and Gas.
BY FEARGHAL O'CONNOR
A political u-turn in South Africa on fiscal terms for exploration companies may come as a huge boon to Falcon Oil and Gas, the Dublin-based explorer chaired by John Craven.
Falcon has a 7.5 million acre block of the Karoo Basin northeast of Cape Town, which it claims could contain as much as 300 trillion cubic feet of recoverable shale gas.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine