News: CEL Challenger Energy seeks trading halt, page-7

I'd say we are 2 - 3 weeks away from news.
Based on this website PASA said early May for the first 2 applicants (Bund and Falcon)
http://www.lexology.com/library/detail.aspx?g=f9eb9781-225a-4ae1-8147-060edd3ddec3


http://interfaxenergy.com/gasdaily/...er-to-exploration-but-fracking-still-far-away

The prospects for shale gas exploration in South Africa’s Karoo Basin are slowly improving, but it will be at least two years until the first well is fracked.
Petroleum Agency South Africa (PASA), the country’s state regulator, is assessing the five shale applications made by three companies – Shell, Falcon Oil & Gas, and Bundu Gas & Oil – and will make recommendations to the minister of mineral resources for final approval "in a month or two months’ time," Tebogo Motloung, PASA’s manager of licensing and legal compliance, told Interfax Natural Gas Daily this week.