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CEL 1.2¢

News Flow

  1. choratio

    234 Posts.

    The opening address to the Mining Indaba by Ramathlodi,, Minerals Resource Minister, and Zumas State of the nation address next week should provide positive news flow for CEL. The government seems intent on taking the oil and gas legislation out of the MPRDA and giving it its own piece of legislation which will be much more favourable terms for oil and gas companies investing in South Africa.Shale gas should again be given a solid push by Zuma given all the recent power failures and major power shortage in South Africa.

    CEL has to finish its amended environmental plan by 27th Feb, following which the government has from memory 120 days to issue the exploration license.

    Fracking regulations may also be published this month.

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