Data provided by iNet BFA
Loading...
See More

Sasol jumps on fracking nod

Sep 07 2012 12:07 Reuters

Company Data

Sasol Limited [JSE:SOL]

Last traded 634.38
Change 11.74
% Change 0.02
Cumulative volume 738219
Market cap 412.74bn

Last Updated: 22/07/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

SA lifts moratorium on fracking

Shell all set to spend R1.6bn on fracking

Shell wants to get juniors on its side

Opec: Shale gas no threat to us

Fracking 'will cause water pollution'

Fracking decision imminent

 

Johannesburg - Sasol [JSE:SOL] shares rose on news that the cabinet lifted a freeze on shale gas exploration in SA, which is believed to have some 485 trillion cubic feet of the resource.

Government last year imposed a moratorium on oil and gas exploration licences in the Karoo region, to give time to study the potential gains and examine the concerns of environmentalists who say the extraction technique known as fracking would ruin the area.

The petrochemical group had been exploring the vast semi-arid region of Karoo but in November put its shale gas exploration plans on hold and said it would watch further developments.

Sasol shares gained 2.7% to a 10-week high of R375.37.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
sasol  |  fracking
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
11 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

OneRandMan learns how money really works

National Savings Month is not only this month, it is every month from your very first salary slip, an expert warns OneRandMan and all South Africans.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...