Zambia: Swala Energy bids for three blocks

Australia’s Swala Energy has submitted bids for three exploration permits. The bids are for Block 31, which includes part of Lake Tanganyika and was previously licensed to Rapid African Energy, and Karoo blocks 42 and 44 in the south of the country. If the applications are successful, Swala will have an 83% equity interest in any block awarded. Block 3, Zambia’s largest, lies within the East African Rift System, adjacent to acreage held on the Tanzanian side of the lake by Australia’s Beach Petroleum.