SWE READY TO GO AGAIN volume though the past 2 days ..
Seismic to commence shortly in Tanzania (with OEL) – crews on way to site (so has kind of commenced) – 2-3 weeks per basin
The Company will be able to process the seismic on the fly and provide updates within 3-4 weeks of completing each of the basins (3 at Kilosa Kilombero and 2 at Pangani)
Eyasi – timing of official award likely to be September
Zambia – expect at least one block but maybe all three – also likely in September
Other new ventures likely prior to year end
Magneto tellurics to commence with Tullow in the near term at 12B in Kenya – ahead of seismic in October
Cash will last until early next year
SWE Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held