Swala Energy Limited has submitted bids for three hydrocarbon exploration permits in the Republic of Zambia on the 28th June 2013.

The bids are for permits known as Block 31 (Lake Tanganyika and a section of the EARS), Block 42 and Block 44 (covering significant tracts in the under-explored Rift systems of the Permo-Triassic Karoo). If the applications are successful, Swala will have an 83% equity interest in any block awarded.

Dr. David Mestres Ridge, Swala's CEO said 'We are delighted to have been given the opportunity of bidding for these blocks by the Government of the Republic of Zambia. Block 31 offers a frontier opportunity in the East African Rift System where hydrocarbon generation and accumulation has been proven elsewhere. Blocks 42 and 44 are Karoo Blocks that offer an opportunity to investigate basins where Swala believes there is potential for large structural traps'

Tags: Swala Energy Limited