Proactive Investors: Falcon Oil & Gas a Step Closer to South African Shale Exploration, Broker Says

Falcon Oil & Gas (LON:FOG) has inched nearer to starting shale exploration in South Africa where the government has now gazetted new regulations.

Job Langbroek, analyst at broker Davy, highlights that the new rules include clear statements on how hydraulic fracturing processes should be conducted in the country.

The gazetting has removed a blockage to the issue of formal exploration licences in South Africa, Langbroek said in note.

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