Well I haven't seen a more positive announcement from Swala in quite a while now!!
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Swala Oil & Gas (Tanzania) plc ("Swala" or "the Company") is pleased to announce the resolution of issues relating to cash calls with Tata Petrodyne Limited ("TPL") in regard to Kilosa-Kilombero licence. The Joint Venture thus has started to re-engage the technical team to prepare planning of the drilling programme and, with the Tanzania Petroleum Development Corporation ("TPDC"), will start a series of information visits to advise the local communities of the upcoming activity.
Dr. David Mestres Ridge, Swala CEO, said: "We are pleased that the Joint Venture is once again advancing the Kito-1 well, with both Swala and TPL working closely with TPDC and the Government of Tanzania to ensure its successful drilling later in 2017."
Mr. SV Rao, TPL CEO, said: “We are happy that outstanding issues with JV are now resolved and JV is proceeding with Kito-1 well. Looking forward to a successful drilling of the well in 2017 drilling window."
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http://www.swala-energy.co.tz/documents/UpdateonKilosaKilombero2017.pd
Swala Tanz announcement 5/4/17
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