Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Sasol

"Anybody have an opinion on whether Sasols decision to halt spending in SA is affecting Falcon SP?"

Sasol's decision is probably not helping the Falcon share price, but probably not hurting too much either. The current lacklustre share price would be more related to a total lack of news on any front more than anything else, with the probability that there won't be any news for another month or two from either S.A. or Hungary and nothing from Beetaloo till the spring.

Philip was on the committee that drafted changes to the current Energy Bill that the S.A. government has "not" adopted so far and will likely reject in favour of something closer to what industry has suggested. Sasol's stand against spending any exploration funds in S.A. should help to stop the current proposed legislation for something closer to what Philip's committee has suggested as a compromise that the oil and gas industry could live with

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