SWEADDITIONAL OIL EXPLORATION LICENCE IN THE EAST AFRICAN RIFT...

SWE

ADDITIONAL OIL EXPLORATION LICENCE IN THE EAST AFRICAN RIFT SYSTEM
Swala Energy Limited (ASX:SWE) (“Swala”), the oil and gas explorer with assets along the East African Rift System, is pleased to announce that it has been invited into exclusive negotiations with the Tanzanian Petroleum Development Corporation (TPDC) for the award of a 32.5% interest in the Eyasi licence, onshore Northern Tanzania. If the interest in the Eyasi licence is awarded then Swala will become the operator of the license.