INDUSTRY: OIL & GAS
DATE LISTED: 11th August 2014
IPO PRICE (TZS): 500
Is a Tanzanian oil and gas exploration company headquartered in Dar es Salaam. It was incorporated in 2011, and listed on Dar es Salaam Stock Exchange in August 2017(99,954,467 shares at 500 per share) as SWALA. It holds the exploration licenses for the Kilosa-Kilombero and Pangani fields, both located in the East African Rift.
Swala has also become a shareholder of PAE Pan African Energy Corporation (“PAEM”),
A Mauritius-registered company that owns Pan African 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 SongoSongo gas field in Tanzania, the associated infrastructure and distribution and marketing agreements with private sector and state enterprises. (source Companies Website)