DSE Release 29th September 2014
Kilombero Seismic Showing Evidence of Multiple Structures
Swala Energy Limited ("Swala" or "the Company") is pleased to announce that the seismic survey it is
carrying out in the Kilombero Basin has provided the first evidence of multiple structures - a ‘string of
pearls’- along the western basin boundary fault. Swala has a 50% net interest in the Kilosa-Kilombero
licence in central Tanzania.
The seismic survey was planned after the 2013 seismic survey suggested structural similarities between
the Kilombero Basin and the Lokichar Basin in Kenya, where Tullow Oil (LSE:TLW) and Africa Oil
(AOI:TX) have made a significant number of discoveries. The 2013 seismic survey also identified the
Kito Prospect. As per the Company’s press release of the 11th December 2013, the Kito Prospect could
contain P50 Best Estimate contingent resources of 60.4mmbbls net to Swala.
Read more through the link below