Dar es Salaam — Swala Oil and Gas Tanzania is seeking to raise $120 million (over Sh250 billion) to finance material transaction after recently acquiring an exploration block in Burundi.
The Dar es Salaam Stock Exchange-listed company announced last month that it acquired Surestream Petroleum (Burundi) Limited which had a 100 per cent working interest that covers portions of the northern end of Lake Tanganyika, in Burundi.
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