{"id":2675,"date":"2015-03-09T10:30:56","date_gmt":"2015-03-09T10:30:56","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=2675"},"modified":"2015-09-07T12:25:31","modified_gmt":"2015-09-07T12:25:31","slug":"swala-energy-seeks-list-aim-market-london-stock-exchange","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-seeks-list-aim-market-london-stock-exchange\/","title":{"rendered":"Swala Energy seeks to list on the AIM Market of the London Stock Exchange"},"content":{"rendered":"

East Africa focused Australian explorer Swala Energy has announced that it is in the preliminary stages of planning a listing on the AIM Market of the London Stock Exchange as the company seeks to improve its liquidity, open it to investment from the London capital markets that have experienced African oil and gas success, and expose it to larger potential investment that can aid the Company\u2019s continued development.<\/p>\n

As part of this process, the Company has engaged Stifel Nicolaus Europe Limited (formerly Oriel Securities Limited) to act as its Nominated Advisor and broker for the transaction.<\/p>\n

Swala Energy says it is working towards completing the process within the next 6 months, allowing for necessary due diligence, preparation of audited accounts and competent persons reports covering all its licences.<\/p>\n

\u201cThe dual listing on London\u2019s larger and more liquid stock exchange is a natural progression for Swala and will allow us to gain access to larger capital markets, an important step ahead of our 2015 drilling campaign. We are extremely pleased to have secured Stifel\u2019s services as NOMAD and broker. Stifel is a company with an established presence in the oil and gas investment markets of Europe and North America,\u201d Says Swala CEO Dr. David Mestres Ridge.<\/p>\n

In conjunction with this engagement the Company\u2019s Exploration Director, Mr. Neil C. Taylor, has indicated that he will step down from the Board in order to allow the Company to engage a Non-Executive Director that is known to the London Capital Markets. He shall remain as Exploration Manager of the Company.<\/p>\n

Any admission to AIM is subject, inter alia, to approval of the London Stock Exchange, and there can be no certainty that admission will occur.<\/p>\n

Besides Australia Swala Energy is also listed at the Dar es Salaam securities exchange in Tanzania<\/a>.<\/p>\n

On the progress of the commercial discussions involving a farm down<\/a> East Africa spearheaded by FirstEnergy Capital LLP, Swala reports that subsequently a number of credible companies have approached the Company and are actively reviewing the asset data.<\/p>\n

We have been very happy with the work carried out by FirstEnergy to date and look forward to updating the market on the progress of ongoing discussions,\u201d Ridge concluded.<\/p>\n

Swala\u2019s holdings are predominantly in the world-class East African Rift System with a total net land package in excess of 18,800km2 in Kenya, Tanzania and Zambia.<\/p>\n","protected":false},"excerpt":{"rendered":"

East Africa focused Australian explorer Swala Energy has announced that it is in the preliminary stages of planning a listing on the AIM Market of the London Stock Exchange as … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[102,893,1252,1451,2933,2931,2447,2932],"class_list":["post-2675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aim-listing","tag-first-energy-capital-llp","tag-kenya","tag-london-stock-exchange","tag-oriel-securities-limited","tag-stifel-nicolaus-europe-limited","tag-swala-energy","tag-tanzania-and-zambia","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-H9","jetpack-related-posts":[{"id":2775,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-announces-progress-planned-farm-east-african-assets\/","url_meta":{"origin":2675,"position":0},"title":"Swala Energy announces progress in its planned farm in East African assets","author":"","date":"April 1, 2015","format":false,"excerpt":"Swala Energy Limited has announced that, following the completion on the 31st March 2015 of the strategic review process managed by FirstEnergy Capital LLP, the Company has received a number of expressions of interest from credible parties wanting to farm in to one or more of Swala\u00b4s licences. The company\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/swala-energy-ears.png?fit=329%2C474&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7297,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-tanzania-limited-invests-swala-oil-gas-tanzania-plc\/","url_meta":{"origin":2675,"position":1},"title":"Energy Tanzania Limited Invests in Swala Oil & Gas (Tanzania) plc","author":"","date":"December 17, 2018","format":false,"excerpt":"Swala Oil & Gas (Tanzania) plc has announced that it has entered into a definitive agreement for an initial investment of US$30 million from Energy Tanzania Limited (ETL). ETL is owned by Dr. Reginald Mengi, the well-known Tanzanian entrepreneur and philanthropist, and the funds will be used to develop the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/08\/Swala-Tanzania.png?fit=484%2C352&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1499,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-ipo-in-tanzania-oversubscribed\/","url_meta":{"origin":2675,"position":2},"title":"Swala Energy IPO in Tanzania oversubscribed","author":"Samuel Kamau Mbote","date":"July 24, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy Limited has provided an update of the Initial Public Offer (IPO) of is Tanzanian subsidiary Swala Oil & Gas (Tanzania) Plc that is in the process of listing on the Dar es Salaam Stock Exchange in Tanzania. The IPO which closed on the 4th of July\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1170,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-and-gas-to-raise-kshs-260-million-in-tanzanian-ipo\/","url_meta":{"origin":2675,"position":3},"title":"Swala Oil and Gas to raise Kshs.260 million in Tanzanian IPO","author":"Samuel Kamau Mbote","date":"June 9, 2014","format":false,"excerpt":"Swala Oil and Gas will starting today open its shares to the Tanzanian public selling 9.6 million shares at TZS 500 (approx. $0.31) a share as it seeks to get additional funds to the working capital. The initial public offer that starts today will close on 4th July with the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7133,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-receives-approval-list-bonds-stock-exchange-mauritius\/","url_meta":{"origin":2675,"position":4},"title":"Swala Receives Approval To List Bonds On The Stock Exchange Of Mauritius","author":"","date":"August 3, 2018","format":false,"excerpt":"Swala Oil & Gas (Tanzania) has announced that the Stock Exchange of Mauritius has approved the Company\u2019s Listing Prospectus, allowing the listing of the Company\u2019s US$50 million Corporate Bonds on the SEM with Greenshoe Rights. The Company first announced the move to Mauritius on the 2nd of July 2018. The\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/08\/Swala-Tanzania.png?fit=484%2C352&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3036,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-completes-farm-tanzanian-licenses-tata-petrodyne\/","url_meta":{"origin":2675,"position":5},"title":"Swala Energy Completes farm-out of Tanzanian Licenses to Tata Petrodyne","author":"","date":"June 1, 2015","format":false,"excerpt":"Swala Energy Limited has announced that Swala Oil and Gas (Tanzania) Plc has reached agreement with Tata Petrodyne Limited a subsidiary of the multinational Tata Sons Limited, under which TPL shall farm into the Pangani and Kilosa-Kilombero licences in Tanzania. Tata Sons Limited is the holding company of the Tata\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=2675"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2675\/revisions"}],"predecessor-version":[{"id":2677,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2675\/revisions\/2677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1929"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=2675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=2675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=2675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}