Wednesday September 23, 2020

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.

22nd June, 2014

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.

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