So what is the current situation?
KK - 1 drill late 2016. Swala 25%. Free carry by Tata. Maybe further drilling here in 2017.
P - 1 drill late 2016. Swala 25%. Free carry by Tata.
12B - Drilling probably postponed as Tullow will prioritise drilling closer to northern pipeline route?
Zambia - exit.
Uganda - a real longshot youd think.
Tanzania - What ever happened to Eyasi? PVD did the dirty on SWE on this. Can SWE re-claim this licence with a new partner?
Cash - Cash burn has been a major problem with the company. Lets hope this is fixed. The next year will be tight as low oil prices and low exploration expenditures beset the industry. Companies with high debt and/or no cash will die or be swallowed. Company needs to focus on drilling and cash preservation.
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