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JOHANNESBURG, South Africa, Sept. 3 /PRNewswire-FirstCall/ -- Sasol
Petroleum International (SPI) has obtained a 51% working interest in four
hydrocarbon prospecting licenses covering a land area of 37 000 square
kilometers, close to established gas fields in the "foreland" area of Papua
New Guinea. Seismic surveying is scheduled to commence in October 2008.
The exploration work will be carried out by newly formed Sasol Petroleum
Papua New Guinea in Blocks PPL285, PPL286, PPL287 and PPL288. Partners include
Papua Petroleum Limited, a Papua New Guinea based exploration company.
"This is an exciting opportunity to unlock potential natural gas resources
in Papua New Guinea. We look forward to working with our new partners and the
government of Papua New Guinea," says Sasol Group GM Lean Strauss.
During the past few years, SPI has successfully grown their business from
securing and developing gas and liquid assets, primarily in Mozambique and
West Africa, to an operational natural gas supplier to various Sasol
businesses and external customers mainly in Southern Africa.
As part of Sasol's growth strategy, SPI is spreading its footprint beyond
Africa to significantly increase its hydrocarbon resources by securing new gas
reserves to enable the achievement of Sasol's gas-to-liquids (GTL) ambitions.
Sasol Investor Relations team
Tel.: +27 11 441 3113 / 3563 / 3321
investor.relations@sasol.com
About Sasol:
Sasol is an integrated oil and gas company with substantial chemical
interests. Based in South Africa and operating worldwide, Sasol is listed on
the NYSE and JSE stock exchanges. We are the leading provider of liquid fuels
in South Africa and a major international producer of chemicals. Sasol uses
proprietary Fischer-Tropsch technologies for the commercial production of
synthetic fuels and chemicals from low-grade coal and natural gas. We
manufacture more than 200 fuel and chemical products that are sold worldwide.
In South Africa we also operate coal mines to provide feedstock for our
synthetic fuels plants. Sasol operates the only inland crude oil refinery in
South Africa. The group produces crude oil in offshore Gabon, supplies
Mozambican natural gas to end-user customers and petrochemical plants in South
Africa, and with partners involved in gas-to-liquids fuel joint ventures in
Qatar and Nigeria. Internet address: http://www.sasol.com
Disclaimer -- Forward-looking statements
We may, in this document, make statements that are not historical facts
and relate to analyses and other information based on forecasts of future
results and estimates of amounts not yet determinable. These are
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "believe", "anticipate",
"expect", "intend", "seek", "will", "plan", "could", "may", "endeavor" and
"project" and similar expressions are intended to identify such
forward-looking statements, but are not the exclusive means of identifying
such statements. By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and there are
risks that predictions, forecasts, projections and other forward-looking
statements will not be achieved. If one or more of these risks materialize, or
should underlying assumptions prove incorrect, actual results may be very
different from those anticipated. The factors that could cause our actual
results to differ materially from the plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements are
discussed more fully in our registration statement under the Securities
Exchange Act of 1934 on Form 20-F filed on November 21, 2007 and in other
filings with the United States Securities and Exchange Commission.
Forward-looking statements apply only as of the date on which they are made,
and we do not undertake any obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.
SOURCE Sasol Limited
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