Swala looks beyond Africa

SWALA Energy chairman Ken Russell has told shareholders that the company's board is working furiously to keep the wolf from the door by securing a funding a lifeline and adequate cash to not only purchase production and fund the drilling of the Kito-1A well in Tanzania later this year.

The cash strapped junior has less than $1 million in the kitty, a legal demand from Otto Energy for $1 million in costs associated with the Pangani licence in Tanzania's Moshi Basin, which was dropped