- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Challenger Energy Plans to Explore for Shale Gas in Karoo, South Africa
Mining Weekly reported that Challenger Energy Ltd. (ASX:CEL) announced that its subsidiary Bundu Gas and Oil Exploration is aiming to explore for shale gas in Karoo, South Africa.
Mining Weekly reported that Challenger Energy Ltd. (ASX:CEL) announced that its subsidiary Bundu Gas and Oil Exploration is aiming to explore for shale gas in Karoo, South Africa. The company said that it expects to pursue its exploration program in parallel with the government’s two-year strategic environmental assessment (SEA) of shale gas development in the country.
As quoted in the market news:
Government formally launched the R12.5-million SEA earlier this week in an effort to develop the “evidence base it needs to make informed decisions regarding the exploitation of shale gas”. Challenger Energy tells Engineering News Online that it is supportive of South Africa’s efforts to ensure safe and sustainable exploration and development and that it does not view the SEA as a major risk to its exploration plans. Government has also indicated that the study is not intended to delay the start of exploration activities.
In February, Bundu submitted an updated Environmental Management Programme to the Petroleum Agency South Africa and Challenger says it expects the Department of Mineral Resources to publish a Gazette notice in the coming weeks outlining the regulations governing the exploration phase. Bundu’s exploration right application is based on an initial work programme that does not include hydraulic fracturing, or fracking, so “we expect to be able to proceed in parallel” with the SEA.
Click here to read the full Mining.com report.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.