the Kenyan Government or the Tanzanian Government (as the case may be, or their respective appointees) has to right to take up to a 10% equity interest (in the case of Block 12B) and up to a 20% equity interest (in the case of the Kilosa-Kilombero Licence and the Pangani Licence) in the petroleum operations in the development area.
In the event that the Kenyan Government or the Tanzanian Government (as the case may be) elects to participate, Swala Kenya’s interest in Block 12B will decrease by 5% and SOGTL’s interest in the Kilosa-Kilombero Licence and the Pangani Licence will decrease by 10%, respectively.
SWE Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
