Swala Energy Ltd. Kürzel SWE - 500 Beiträge pro Seite

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Kennt einer Swala Energy ? Habe heute zum ersten mal davon gehört.

Swala Energy Limited SWE


Firmen Profil:

Swala Energy Limited (SWE) is an Australian oil and gas exploration company exploring for hydrocarbons in the East African Rift System (EARS). SWE holds interests in three licences including Block 12B, Pangani and Kilosa-Kilombero.

Block 12B (50%): This licence is located on the eastern edge of Lake Victoria in Kenya and has an area of 8,000 sqkm. It covers part of the eastern branch of the EARS. SWE, with Tullow Kenya (the operator), carried out an airborne gravity-magnetic survey over Block 12B. The new gravity data confirms an area of pronounced gravity low over the Nyanza rift. The interpretation of the gravity and magnetic data support the view that the Nyanza Rift is underlain by a sedimentary basin of up to two to three km thick. Block 12 B has initial exploration period of 2 years.

Kilosa-Kilombero (32.5%): This licence covers an area of 17,675 sqkm in Tanzania across a portion of the EARS and remains unexplored. There have been no wells drilled or seismic data acquired over the licence. The operator, Swala Oil and Gas (Tanzania) Ltd (SOGTL), acquired over 13,500 km of combined airborne gravity and magnetic data and carried out remote sensing activities and a field reconnaissance to the licence area. Based on the results of that work, SOGTL and Otto Energy (Tanzania) Ltd (the partner) have decided to progress to the second year of the initial exploration period, which will involve the acquisition of 300km of 2D seismic and geochemical sampling. The licence has initial exploration period of 4 years.

Pangani (32.5%): This licence covers an area of 17,156 sqkm in Tanzania across a portion of the EARS and remains unexplored. There have no wells drilled or seismic data acquired over the licence. SOGTL (the operator) acquired over 8,000km of combined airborne gravity and magnetic data and carried out remote sensing activities and a field reconnaissance to the licence area. Based on the results of that work, SOGTL and Otto Energy (Tanzania) Ltd (the partner) have decided to progress to the second year of the initial exploration period, which will involve the acquisition of 200km of 2D seismic and geochemical sampling. The licence has initial exploration period of 4 years.

letzter Kurs: Aus$ 0.21

Marktapitalisierung $14.2 M Aus$

Swala Energy Limited

www.swala-energy.com

[gimo211]

Swala gehört zu meinen absoluten Favoriten auf der Wunschliste 2014...

Hier ein sehr umfassender Artikel zu SWE aus einer neuen Pex-Publikation (der Aussi-Verlag, bei dem auch Peter Strachhan veröffentlicht...).

Link zu einer Free-Version von Oil & Gas Insider: http://pex.com.au/includes/samples/Oil_&_Gas_Insider_Sample_…


Explorer all EARS on overlooked Africa

Swala Energy (SWE) managing director David Mestres Ridge and his team have already built and sold one successful East African explorer, Black Marlin Energy, and in now they are seeking to do it all again by taking the first steps to open up new areas of the once unfashionable East African Rift System (EARS).
“Five years ago you could just get any licence you wanted in Tanzania and Kenya,” Mestres Ridge told Oil & Gas Insider.

“What we have seen over the last couple of years is around $7 billion dollars of market transactions – companies buying companies, not farm-ins or royalties, but straightforward mergers and acquisitions.
“The entire EARS is of interest to us, and now everyone else.”
Swala was lucky on two fronts. It got into the EARS before all the promising acreage was swallowed up, and it managed to complete its $11 million initial public offer in April this year, just before the already anaemic the market collapsed further.

That allowed the company enough of a start to ensure it is fully funded until early 2015, when it hopes the results of its ongoing programs in Tanzania and Kenya will make its frontier areas extremely attractive to cashed up wildcatters.

The aim would be to fund three commitment wells.

Foundation

Swala's foundation licences cover about 15,320 square kilometres comprising three blocks in Tanzania and Block 12B in Kenya, operated by Tullow (50%).

Using seed capital Swala spent much of 2012 collecting around 28,000 km of regional gravity and magnetics to help re-assess historical data.

“The deal that we had with both the Kenyan and Tanzanian governments was always that if the technical work did not meet expectations we could simply walk away,” Mestres Ridge said.

He described the early results as “intriguing”, defining previously unknown rift basins and a number of areas of distressed vegetation on satellite analyses co-incident with the interpreted basin edges. In Kenya there are reports of oil contamination in water wells.

None of this is slam dunk evidence for commercial hydrocarbons, but the data helps put together important pieces of the puzzle, so Swala elected to move into its second year work programs and undertook its Initial Public Offer for a listing on the Australian Securities Exchange.

In Tanzania Swala has completed its initial 173 kilometres of 2D seismic over the Kilosa and Kidatu basins within the Kilosa-Kilombero licence that it holds an indirect 32.5% interest in along with Otto Energy (OEL, 50%) and a local partner.

The early work appears to have defined structures on the basin margins. The Kidatu Basin also had a major intra-basin high of up to 60 square km while there are apparent rotated fault blocks in the middle of the Kilosa Basin.
The seismic crew is expected to wrap up work on the Kilombero Basin in November before moving north to the Pangani licence (Swala 32.5%, Otto 50%) to acquire up to 200 km of 2D seismic in the Mvungwe and Moshi basins.
Basin thickness in Kilosa Basin is estimated at up to 7,000m and together with outcrop geology suggests that the underlying geology comprises both Karoo (Permo-Triassic) and Neogene sediments, the latter representing the oil play system in the EARS where Tullow Oil has had major success in Lake Albert in Uganda and in northern Kenya.

Kenya

Block 12B in Kenya's Nyanza Rift, on the Ugandan/Kenyan border, is about 300 km south of the recent Ngamia oil discovery in the Lokichar Basin. Block 12B is a little more advanced than the Tanzanian acreage and Swala has used a newer technology called passive seismic to map the basement and identify some deeper areas.
Explorer all EARS on overlooked Africa

“We have done a lot of modelling in 12B that we haven't done in Tanzania because we just don't have the data to make a meaningful comparison there, but 12B has activity nearby so we can correlate what we are seeing with what other people are seeing in adjacent wells,” Mestres Ridge said.

Using that well data several models were developed to assess what volumes of oil and gas might be expelled once the source rocks were cooked at different temperatures.

The scenarios suggest that as much as 22 billion barrels and 11 trillion cubic feet could have been generated over time.

The basement map has identified a number of leads that Swala will use to focus its seismic program following a magnetotelluric survey.

In Tanzania it is considering an airborne full-tensor gravity survey.

The aim is to complete models for each of the six defined basins.

It's an active but early stage program in one of the world's hottest exploration destinations, and there's a considerable amount of drilling planned in the region by others that should also start to throw up some interesting results in areas that have seen little on the way of past exploration.

There was some drilling in the 1970s but the results are of are of suspect quality.

“What happened in Kenya, and East Africa generally, is that there were a couple of gas discoveries in the '70s, but there was no market for gas so they just wrote off the whole area,” Mestres Ridge said.
“It was only a few years ago off the back of Hardman Resources and Tullow that people started to understand the geology again."

Focus

Swala's focus is the East African Rift System that comes into Kenya, bifurcates in Tanzania, and curls around the Great Lakes.

The entire EARS is dotted with signs of hydrocarbons, ranging from the billions of barrels that have been discovered in Uganda over the past decade to a string of modest gas discoveries down to oil slicks and seeps that are still to be properly investigated.

Tullow's interest in the region has resulted in a number of play-opening discoveries in onshore Kenya: the 5,200 barrel of oil per day Twiga South-1, 55m of gross pay in sandstone in Paipai-1, and more recently the wildcat Ekales-1, which is near last year's Ngamia-1 discovery. Tullow is increasing the pace of exploration in Kenya aiming for 12 wells over the next 12 months.
The whole of East Africa has also been highlighted by the recent big gas discoveries offshore from Tanzania and Mozambique.

There's a compelling tale in the region, one that Swala has been chasing since 2010 when it was formed.
Mestres Ridge hopes to secure some additional interests in East Africa. The company would lalso ike to pick up a more advanced project, but East Africa just isn't at that stage and in West Africa Swala would be competing against people who know the region better.

Swala has bid on three blocks in Zambia and it is in exclusive negotiations with the Tanzanian Petroleum Development Corporation (TPDC) for the award of a 32.5% operating interest in the Eyasi licence which is adjacent to Pangani.

There may be four separate basins in the new area, each of which dwarfs Kenya's Lokichar Basin in size.
Swala believes the eastern branch of the EARS has the potential to rival the western branch that hosts the prolific Albertine Graben.

Award of Eyasi would increase Swala's interests to some 21,000 sq km. Winning the Zambian blocks would increase that again.