SWALA OBTAINS LICENCE EXTENSION TO PROGRESS DRILLING CAMPAIGN
Swala Oil & Gas (Tanzania) plc (‘Swala’ or ‘the Company’) declared yesterday that the Ministry of Energy and Mining (MEM) has agreed to extend the period within which an exploration well must be drilled in each of the Kilosa-Kilombero and Pangani licences to the 20th February 2017. This one-year extension is to be deducted from the 4-year additional…