The Company

Swala Oil and Gas (Tanzania) plc ("Swala") is an oil and gas company listed on the Dar es Salaam stock exchange with assets in Tanzania and Burundi and an active growth programme in both Africa and elsewhere.

Our current exploration licences are the Kilosa-Kilombero licence in Tanzania and Block D in Burundi. Swala has a 75% participating interest in Kilosa-Kilombero and a 100% participating interest in Block D.

Swala has also become a shareholder of PAE PanAfrican Energy Corporation ("PAEM"), a Mauritius-registered company that owns PanAfrican Energy Tanzania Limited ("PAET"). PAET in turn holds the rights granted by the Government of Tanzania to explore, develop, market, produce and sell natural gas from the Songo Songo gas field in Tanzania, the associated infrastructure and distribution and marketing agreements with private sector and state enterprises.

Swala has been, and continues to be, an active contributor to the development of the Tanzanian capital markets and to local content participation in the Natural Resources sector.