I note.....30 to 60sq kms refers only to the Primary structure...wholey bejeppers
Should hopefully start some international eyes taking a peeka-boo approach :)
----------------------------------------------------------- SWALA ENERGY A$0.215 (Todays Price) Kidatu seismic results are positive 14 October 2013 = Swala Energy has provided an update on the ongoing 2D seismic programme underway on the Kilosa- Kilombero licence in Tanzania. Swala has an indirect interest of 32.5% in the block. The latest tranche of the programme has focused on the Kidatu basin area of the licence and initial results have indicated the possible presence of very large structures along the edge of the basin. • Swala’s recent seismic programme, focused over the Kidatu basin area of the Kilosa-Kilombero licence, has now been completed and the company’s preliminary interpretation of the results is positive. We believe that this news is very encouraging for Swala particularly as it follows on from the positive findings from the earlier tranche of seismic programme in the Kilosa basin to the north announced on 18 September. • Swala acquired 143 km of 2D seismic over the Kidatu basin and based on preliminary processed data, the initial results indicate the presence of large-scale structures along the edges of the basin together with a major intra-basin high identified on dip and strike lines. Swala estimates that the primary structure may be as large as 30 to 60 km Sq
• Work on the licence is continuing and the seismic team has now relocated to Kilombero where the programme is expected to take a further three weeks to complete. Upon conclusion of the Kilombero survey, the seismic crew will mobilise to the Pangani licence in the north of Tanzania to acquire up to 200 km of 2D seismic in the two potential basins that were identified in 2012. • Swala’s 65% owned subsidiary, Swala Oil and Gas (Tanzania) Limited (SOGTL), holds a 50% interest and operatorship of the Kilosa-Kilombero licence, providing Swala with an indirect interest of 32.5% in the block. Kilosa-Kilombero covers a gross area of 17,675 km2 in the East African Rift System and Swala’s partner in the licence is Otto Energy (Tanzania) Pty Limited; a subsidiary of ASX listed, Otto Energy.
OPLC Comments on Announcement:
While additional interpretation of the data is still required, early indications from the Kidatu basin phase of the seismic programme are very encouraging. Combined with the initial observations from the Kilosa basin, outlined in September, it is now appears that the Kilosa-Kilombero licence could contain substantial structures that have the potential to act as hydrocarbon traps. We await the preliminary seismic results from the Kilombero study, now underway, with excitement.
