So out of the 16 short listed firms, only 7 put a bid in for the 6 (looks like 5 blocks) blocks. I also wonder if Swala has done a JV with Armour Energy too.
"The Ministry of Energy last week published a list of seven oil companies that bided for the oil blocks. The lineup included Armour Energy Ltd and Swala Energy Ltd from Australia, three from Nigeria--WalterSmith Petroman Oil Ltd, Oranto Petroleum International Ltd, and Niger Delta Petroleum Resources Ltd, Rift Energy Corporation from Canada, and Glint Energy LLC from USA. The companies were shortlisted from a pool of 16 companies that had initially expressed interest."
SWE Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held