Well from what I hear SWE have exclusive negotiations with the Tanzanian government to get the Eyasi block where SWE will have PVD share 50% and they will pay for the magnetics costs. I see the Eyasi licence as far more prospective than the Ruhuhu basin (although its still great acreage). Now if JKA can replicate this sort of deal then I see this as a positive. You need to remember that the licence hasn't got any targets or sizes of possible targets yet so it's risky. Halving your costs is a smart move, whilst also getting a free ride on the initial data for where you would like to shoot sizemic. Remember, onshore drills are much more cheaper and if they find some huge targets then they may opt to drill themselves..
Anyway, we don't even know of the two announcements are connected.. This may be a huge coincidence, although doubtful this is the case. We won't know until the TH is lifted... Here's hoping the announcements are positive for both companies!
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