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Sasol ‘eyes Shell Karoo acreage’

Extracts from an article by Eoin O’Cinneide published by upstream online.com

Screen Shot 2013-12-22 at 19.09.52South African petrochemicals giant Sasol is eyeing some of Shell’s shale gas acreage in the country’s Karoo basin… “We are really interested in what is going in the Shell block and would love to farm in or take a piece of it,” Reuters quoted Sasol chief executive David Constable as saying on Monday. “Shell is issuing profit warnings and pulling back capex right now.”

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