South Africa

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Falcon holds interest in a 7.5 million acre Technical Cooperation Permit in the southwest Karoo Basin. In August 2010, Falcon submitted an application for an exploration license covering the same area.

The Karoo Basin reaches 600,000 sq km in central and southern South Africa and contains thick, organic rich shales such as the Permian Whitehill Formation. Until recently, the Karoo Basin was not considered prospective for productive hydrocarbons resulting in very limited modern hydrocarbon exploration onshore in South Africa.

With the advances in modern drilling technology and shale exploration, the United States Energy Information Administration’s April 2011 report “World Shale Gas Resources: An Initial Assessment” estimates 485 TCF of technically recoverable shale gas resources in South Africa’s Karoo Basin. (pg. 288/365)

 



Area map of Falcon's location in the Karoo Basin and surrounding permits.