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Challenger optimistic of gas exploration legislation resolution

ASX-listed Challenger Energy on Friday said it was confident of positive developments in key legislation and the progression of its application process to embark on shale-gas exploration in South Africa’s Eastern Cape province. Constructive and positive engagement had been undertaken with the South African government over the past year, with progress made on the contested Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill and the licence application process for the exploration of shale gas.