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Swala Oil & Gas Seeks minority investment in the Orca Group

Orca Exploration Group has confirmed that it is in discussions with Swala Oil & Gas (Tanzania) plc regarding a possible minority investment in PAE PanAfrican Energy Corporation (PAEM), a Mauritius-registered company that is a wholly-owned subsidiary of the Company.

Orca which is the operator of the 879 Bcf Songo Songo natural gas field is however quick to state that there are no assurances that…