Ricochet News

Shale Gas Application for Cranemere Being Processed

OCTOBER 27, 2014
Shale Gas Application for Cranemere Being Processed

Australian gas exploration company, Challenger, has announced that its subsidiary Bundu Gas and Oil Exploration has been “advised” that a decision has been taken “to proceed with the processing of Bundu’s application for a shale gas exploration right”.

It said the Petroleum Company of South Africa (PASA) had advised it of the decision.

Bundu has applied for two exploration rights one of which is the Cranemere Project to the north of Port Elizabeth.

Challenger said in a statement this morning that “significant time” had elapsed since the application was submitted in 2010 and it was “important that the documentation was up to date.

“PASA has requested that Bundu review and augment its Environmental Management Programme where necessary in accordance with the Mineral and Petroleum Resources Development Act.

“Bundu is required to notify and consult with affected communities and parties in respect of any such revisions.

Bundu has been requested to complete this process by February 27, 2015.”

Challenger MD, Robert Willes, said the development was “significant and positive” and “represents a major milestone and signals that the SA Government is ready to move forward with exploration”. - MetroMinutes.


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