SWE Announcement: August 25, 2015

SouthWest Energy selects site for first well.

The drill site has been chosen from eight drillable prospects in the Jijiga Basin and is extremely promising with four targets in a single vertical (3,510 metre) well.

The drill site is the best location on a large prospective structure, known as the ‘G’ prospect. The prospective resource estimate for this prospect has been calculated by Senergy (an independent consultancy) at 529 million barrels of oil (best estimate) and 825 million barrels (mean estimate).

The image shown is of a SWE field worker at the exact GPS location of Getachew–1.

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