The combined acreage of SWE’s concessions make the company one of the largest acreage holders in East Africa. SWE has also negotiated a PSA with the Ethiopian Government for an additional 13,000km2 block in the southern Jimma region. The PSA is currently with the Ethiopian council of ministers awaiting signature.
SWE’s exploration efforts are now focused on the Jijiga blocks, where 1,500 km of 2D seismic acquisition has been completed and interpreted by SWE and by two additional third parties. SWE plans to complete a 3-well drilling program in the Jijiga blocks during the course of 2013 - 2014. During its exploration work, SWE has partnered with or acquired equipment or services from internationally recognized oil and gas industry companies, including Aberdair Aviation, Ardan Risk and Support Services, ARKeX, Ecolog Engineering, LandOcean Energy Services, Prometheus Medical Services, Vision Project Services (UK) and ZPEB International (Ethiopia).
SWE’s main focus in 2013 will be on getting all the pieces in place to start drilling. 2013 expansion plans include beginning exploration work under the Gambella PSA and following through on the authorisation of the Jimma PSA..- Read Less