On the Exotix Partners website under investment banking the Swala deal appears still open. Exotix despite the name seems to have quite a good track record in doing large deals.
Also this bit of news came out last week under the headline.....
Kenyas Onshore Upstream Set to Pick Up in 2017
Upstream activity in Kenya is expected to re-surge after hitting a low in 2016 in the backdrop of low oil prices that shut down offshore activity and left the onshore well drilling to the lowest since 2012.
........ Block 12A, 12B
In the adjacent Blocks 12A and 12B where Tullow Oil, Africa Oil and Delonex Energy are joint venture partners 2017 is expected to see the processing of Full-Tensor Gravity (FTG) surveys over the Nyanza Graben and the Kerio Basin.
Block 12A which saw its first wildcat well in 2016 is expected to see renewed activity with the Full-Tensor Gravity (FTG) survey expected to provide further data on this prospective area where the JV partners drilled the basin opening Cheptuket-1 well in the Kerio Valley Basin.
According to Swala Energy the government of Kenya approved a new work programme submitted by the explorers involving carrying out a Full-Tensor Gravity (“FTG”) Survey over the block to optimise the location of the exploration well and thereby maximize its chances of success. The partners have until 16th of August 2017 within which to drill the 12B exploration well with Ahero-A provisionally identified as a potential drilling target.
SWE Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held