Markets : Tanzania

Swala Oil and Gas (Tanzania) Public Limited Company is an exploration-stage company. The Company is primarily involved in exploration for oil and gas reserves. The Company's exploration license is the Kilosa-Kilombero license in Tanzania, which the Company operates with approximately 100% participation interest. The Kilosa-Kilombero License is located on the East African Rift System (EARS), a proven oil trend. Over six billion barrels of oil have been found in the Lake Albert area of Uganda, in the western branch of the EARS. The Kilombero Basin is approximately 80 kilometers long. It contributes to the development of the Tanzanian capital markets and to local content participation in the natural resources sector. The Company's subsidiaries include Swala (Mauritius) Limited and Swala (PAEM) Limited.