As all but 1 of the 4th round blocks are large offshore licenses, it could be away of SOGTL getting a slice of that action as well.
Then smaller investors (local individuals) can invest in SOGTL for greater diversity/asset exposure.
SOGTLs possible entitlement to join in would come about through being registered in Tanzania, and the benefit of the EGM listing then really hits home.
Timeline wise, this could all get very exciting.
Tanzania is really pushing for local involvement, and it has always been in our mandate to involve them.
Don't forget the "points" system for allocating licenses. We are a few ticks ahead, before we even start.
We have continued to carry out all of our obligations, on or ahead of time, and on or below budget, which proves our capability of management and willingness to progress quickly and efficiently.
I can see our partners being very happy with Swala's approach...as they will also receive some leverage from our position....and may even attract them ...to us.
This could get very cozy with 5 or 6 parties/partners in bed :) Government(s) SWE Tullow Otto PVD ?
Will we be the only O&G company on the EGM in Tanzania.
SWE Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
