Sunbird Energy (ASX: SNY) is continuing its run up the ASX with shares now trading at A$0.30, 50% higher than its listing price of A$0.20 than its listing on 19 January.
The company's focus on coal seam gas in Africa may hold a clue to the drivers for its growth.
CSG and other unconventional gas plays are widely seen as one of the key answers to meeting gas demand.
South Africa is a case in point, with its natural gas demand of 190 billion cubic feet exceeding its production of 67.1Bcf, forcing it to rely on gas imports.
This gives Sunbird a ready market for any gas that it might produce from its projects in the prospective coal areas of Mopane, Springbok Flats, Ermelo and Somkhele in South Africa.
Further adding to this is the Mozambique to Secunda gas pipeline that runs through the Ermelo project.
The company's focus on coal seam gas in Africa may hold a clue to the drivers for its growth.
CSG and other unconventional gas plays are widely seen as one of the key answers to meeting gas demand.
South Africa is a case in point, with its natural gas demand of 190 billion cubic feet exceeding its production of 67.1Bcf, forcing it to rely on gas imports.
This gives Sunbird a ready market for any gas that it might produce from its projects in the prospective coal areas of Mopane, Springbok Flats, Ermelo and Somkhele in South Africa.
Further adding to this is the Mozambique to Secunda gas pipeline that runs through the Ermelo project.
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