Swala Energy Limited (ASX: SWE) Unlocking Frontier Basins in the East African Rift Alicia Strother, Geoscientist 9th September 2014 Good Oil Conference Presentation www.swala-energy.com 1
Overview: Who we are Private BVI company in 2010; Pursued opportunities in EARS, which is the focus area for Swala. In 2012, Swala was awarded 12B, Pangani and Kilosa-Kilombero licences; Listed on Australian Securities Exchange…
Swalas Current Portfolio 12B (EARS) Pangani (EARS) Kenya Tanzania Operator: Tullow Operator: Swala Tanzania Swala interest: 25% net Swala interest: 50% net* Gross acreage: 6,200 km2 Gross acreage: 17,156 km2 In the 3rd Contract Year…
Geological Setting of the EARS Why the hype Extensive 3,500km-long Tertiary rift system: Ethiopia through to south of Lake Nyasa/Malawi Proven lacustrine hydrocarbon system A total 24 discoveries made in the EARS, consisting of…
Initial Challenges for Swala 1) Where are the sedimentary basins in the EARS 2) Ranked Frontier Lack of previous data (low-res Magnetic data only) Unknown sub-surface depth-to-basement information Unknown geological age and content…
Phase I: Evaluating Vintage Data 1970s Getech Magnetic data Reprocessed by Southern Geoscience Consultants Regional interpretation to define the sedimentary basins Focus for planned magnetic & gravity (2012) surveys over deepest…
Phase II: Remote Sensing Airborne Magnetic and Gravity survey was acquired in 2012 Geological interpretation using geological maps, topographical maps, photogeology & DEM Forward modelling using the mag-grav data Naudy modelling…
Forward Modelling & Naudy Methodology Estimated depth to basement using forward and Naudy modelling methods Worked with multiple density estimates for Kilosa- Kilombero basins and Pangani basins as fill relatively unknown Built…
Forward Modelling & Naudy Methodology Contours of top basement using Naudy depth points (2D - right and 3D - above) Unlocking Frontier Basins in the East African Rift 10
Phase III: 2D Seismic Surveys Testing the Models Focus on semi-regional evaluation for each basin Combination weight-drop and dynamite programme Seismic programme using existing tracks where possible for low environmental impact…
Kilombero Basin: Basin-wide to Prospect in one go Kilombero Basin First dip line identified a 4-way dip closure. The strike line confirmed it. The key was the flexibility to modify the programme while the survey was underway Rapid…
Kito Prospect: Our first jewel Dark Blue Horizon NW SE S Basement Kito Prospect Gross Prospective Unrisked Oil Resources (MMstb) (Source: RISC Report) Low Estimate (P90) Best Estimate (P50) High Estimate (P10) Dark Blue…
Analogue to EARS success story The Kilombero rift is potentially analogous to Lokichar Basin, Kenya Kito already mapped as possible look-a-like hanging-wall roll-over structure identified (and drilled) in the Lokichar basin Age of…
Kilombero: Swalas String of Pearls Lokichar Kilombero Both basins are approximately 80km long and 20-30km wide 2014 seismic to target the basin margins Agete Discovery along length of basin to hopefully discover Ewoi our…
Moshi Basin: Probable Neogene Age 130 line kilometres of seismic in the Moshi Basin Moshi Following existing tracks - liaison with Basin Tanzanian Plantation Company to avoid crops Low seismic stacking velocities probable Neogene…
Phase IV: 2014 Seismic Survey Building the Lead Inventory Moshi Basin (Pangani) 200km commitment started 25th August 2014 Targeting fault-related structural highs along the basin edges Flexibility: base programme with infill as…
Phase IV: 2014 Seismic Survey Discovering a String of Pearls Focus on the more promising basin in Kilosa-Kilombero Licence Kilombero Basin 440km commitment to start late September. Targeting fault-related structural highs along…
Successfully Unlocking Basins 2012 2013 2014 2015 Minimum 9,000 line km 500km 2D 640km 2D Drill 2 wells Commitment airborne data seismic data seismic data Completed 14,393 line km 560km 2D Underway airborne data seismic data Kito…
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