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Shell Outline Karoo Basin Next Steps

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Shell Provided the following Update On its activities in the Karoo Basin.

"South Africa has a great opportunity to secure a more sustainable energy future, reducing its
dependence on coal by using more environmentally friendly options available in this country,
such as natural gas.

"A plentiful supply of natural gas – the cleanest of all fossil fuels – may exist in parts of the shale
rock formations deep beneath the surface of the Karoo Basin. If found in commercially viable
quantities, this gas could help secure South Africa’s energy future, but only if we can preserve
the unique character of the area as well.

"We believe that the environmentally sensitive Karoo can be protected even if it becomes a national energy resource. Shell believes that shale gas exploration and production must only…

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