"Orca has agreed to an additional extension to extend the date by which the second closing and third closing of the previously announced investment by Swala Oil & Gas (Tanzania) plc in the Orca Group of up to US$130 million must be completed from 28 March 2018 to 11 May 2018. There are no assurances given that one or more of the transactions will be completed by 11 May 2018 or that they will be completed on the terms previously disclosed.
"
Isn't hard to "tap out" if you have no shares to sell? All the SOGTL shareholders just have to wait.
Jan 2018 AGM presentation said Kilosa Kilombero license to be extended in Feb 2018. This has not happened or at least been announced. Kito is planned to be drilled late Sep/early Oct. I really hope it's not delayed another year. http://www.swalaoilandgas.com/documents/2017-AGM-Presentation.pdf
SL1 Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held