...it's all about the petroleum field in Tanzania.

SWALA ENERGY GETS MINISTERIAL CONSENT FOR TANZANIA FARM-OUTS

Swala Oil and Gas (Tanzania) plc (‘Swala’ or ‘the Company’) is pleased to advise that it has received a 
no objection notice from the Ministry of Energy and Mines (“MEM”) to the farm-out of 50% of its 
interests in the Kilosa-Kilombero and Pangani licences to Tata Petrodyne Limited (“TPL”). 
With the receipt of consents from the Tanzanian Petroleum Development Corporation, the 
Tanzanian Revenue Authority and now from the Ministry of Energy and Mines, the Company is 
awaiting only the consent of the Fair Competition Commission (“FCC”). The Company shall update 
the market once this final consent is received. 
Dr. David Mestres Ridge, Swala CEO, said: “The rapid approval by our regulators to the farm-out of 
our two licences illustrates their desire to encourage activity in this important economic sector. We 
are confident that the FCC consent shall be received soon, which shall allow TPL to join the licence 
joint venture ahead of the planned drilling campaign.” 
For further information please contact: 
Swala Energy Limited 
David Mestres Ridge (CEO) 
david.mestres@swala-energy.com 
www.swala-energy.co.tz 
Frontline Porter Novelli 
Irene Kiwia 
T. +255 787 611 213 
irene@frontline.co.tz 
About Swala: 
Swala is an affiliated company to Swala Energy Limited, a company in turn listed on the Austral
SOURCE:Swalaenergy.com

Leave a Reply

Your email address will not be published.

Tanzania Petroleum © 2016-2017.