Swala’s non-executive Director Scott Gilbert steps down

Scott Gilbert, a non-executive director for Swala Oil and Gas Tanzania PLC has resigned from the board with effect from October 1, 2022.

According to a statement by the company, Gilbert combined his role as a non-executive director of the Company with an involvement in other oil and gas interests in Latin America and sub-Sahara Africa.

“These interests have now progressed significantly, and Gilbert is required to take on an executive role leading the company where his other interests are held. This will require Gilbert’s entire attention and he has regretfully decided to step away from his other commitments, including his role on the board of the company,” part of the statement said.

The company’s statement did not however name his potential replacement but thanked him for his contribution to the company.

Abdullah Mwinyi, Swala Chairman, said: “We are grateful for Scott’s contribution to the board and the company’s shareholders, and wish him well in these international projects that he is progressing.”

Swala is the first Oil and Gas Company listed on an East African Stock Exchange with a significant local ownership.

Swala holds assets in the world-class East African Rift System with a total net land package in excess of 14,000 km2 as well as a 7.93% interest in PAE PanAfrican Energy Corporation.