|Bid||0.365 x 0|
|Ask||0.370 x 0|
|Day's Range||0.360 - 0.365|
|52 Week Range||0.070 - 0.490|
|PE Ratio (TTM)||-73.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
South Africa's mineral resources minister said on Thursday the government remains committed to shale gas exploration despite a court order revoking fracking regulations that pushes back plans to award the first exploration licenses by 2019. Farmers lobby AgriSA had said earlier that the High Court had issued an order quashing regulations governing proposed shale gas fracking in the Eastern Cape, one of the main areas where proposed shale gas exploration could take place.
South Africa's High Court has quashed regulations governing proposed shale gas fracking, farmers lobby AgriSA said on Thursday after taking the government to court to stop fracking in Eastern Cape province. The ruling marks the latest setback to South Africa's shale gas ambitions after a scientific study published last month suggested its Karoo Basin probably has a fraction of estimated deposits, deflating expectations of an energy bonanza.
South Africa's Karoo basin probably has a 30th of the shale gas deposits that some estimates had suggested, deflating expectations of an energy bonanza, a study published on Thursday said. The findings by the South African Journal of Science have been published shortly before the expected award of the first shale gas exploration licences in the region. The gas development plans have already drawn opposition from campaigners who say they threaten the environment of the semi-arid Karoo, famed for its rugged scenery and rare wildlife.
Recommendations for South Africa’s first shale gas exploration licences in the semi-arid Karoo basin will be finalised soon after environmental objections delayed the process, a senior government official ...
Categories: Yahoo Finance Get free summary analysis Falcon Oil & Gas Ltd. reports financial results for the quarter ended September 30, 2016. We analyze the earnings along side the following peers of Falcon Oil & Gas Ltd. – Vermilion Energy Inc., PMI Resources Ltd., Approach Resources Inc., NuVista Energy Ltd. and Ironhorse Oil & Gas Inc. (VET-CA, PMI-CA, ... Read more (Read more...)