Swala Energy begins seismic survey over Moshi basin in Tanzania's Pangani permit

8/25/2014

Swala Energy begins seismic survey over Moshi basin in Tanzania's Pangani permit

MOUNT PLEASANT, Australia -- Swala Energy Limited (Swala) reported the start of its 2014 2D seismic data acquisition programme over the Moshi Basin located within the Pangani exploration licence in northern Tanzania.

Swala Oil and Gas (Tanzania) Plc (Swala Tanzania), partly owned by Swala Energy Limited, and its Joint Venture partner Otto Energy Limited (OEL) will acquire approximately 200 km of 2D seismic data over the basin in the next four weeks and that data will be processed as the survey progresses.

This seismic survey is a follow-up to the successful programme carried out in the basin in 2013 where results indicated a sedimentary basin of about 3,000 m in thickness. Once the survey in the Moshi basin is complete seismic operations will move to the Kilombero basin where a further 430 km of 2D data will be acquired.

Dr. David Mestres Ridge, Swala’s CEO said “the commencement of the 2014 seismic programme underlines Swala’s commitment and capability to move ahead with its exploration programme. This work is intended to firm up potential drilling targets for a planned 2015 drilling campaign as required under the terms of the respective Production Sharing Agreements with TPDC.”

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