We will now map the structural leads the survey has identified at the basin margins with
the aim of identifying potential drilling locations for the next phase of operations
Swala Oil & Gas S(Tanzania) Plc (DSE:SWALA) (‘Swala’ or ‘the Company’) is pleased to announce the
successful completion of its 2D seismic acquisition programme (“programme”) over the Moshi Basin in
the Pangani licence in northern Tanzania. The seismic survey commenced on the 24th August and
surveyed 200km across the basin.
The Company has identified a number of potential structural leads that it will now need to confirm
from final processing of the field stack data. These potential leads are located at the basin margins and
are expected to provide targets for the 2015 drilling programme.
Polaris, the seismic contractor, will now move to the Kilombero basin in the Kilosa-Kilombero licence,
where it will acquire a further 430km of 2D data over the area where, in 2013, the Company identified
the Kito Prospect.
Dr. David Mestres Ridge, Swala’s CEO said “The survey of the Moshi basin has progressed quickly and
in budget. We will now map the structural leads the survey has identified at the basin margins with
the aim of identifying potential drilling locations for the next phase of operations”.