Wynpress Vol 64 Issue 30 13 June 2013

Wynpress Vol 64 Issue 30 13 June 2013

The editorial explores emerging theories about untapped oil and gas reserves off South Africa’s coast, highlighting a shift in geological understanding that has drawn global interest. Recent discoveries of offshore gas near Mossel Bay, part of the long-running Mosgas project, have led experts to reconsider the region’s potential. A new theory suggests that gas deposits off the West Coast are not isolated but part of a larger resource base, linked to ancient continental formations that once connected South America to the Cape. This hypothesis, supported by findings of oil in the seabed near the Falkland Islands, has prompted major oil companies—including Shell, Total, Exxon Mobil, and Anadarko—to apply for exploration blocks along South Africa’s coastline. These firms are betting on the possibility of significant oil or gas