It was announced today that Shell was awarded a large offshore concession in the Orange Basin deepwater area of South Africa. This area is farther out from FST's Ibhubesi holdings.
"The Orange Basin offers an exciting frontier exploration opportunity to apply the deep water technical ability we have built up around the world over the past three decades," Shell executive vice president for international exploration Ceri Powell said.

http://www.energy-pedia.com/article.aspx...

FST was supposed to receive approval from SA back in July, but I have seen no announcement.

With the FST current policy of 'noncore property divestitures', I wonder if there is now an opportunity to work out a deal with Shell to sell the SA holdings?