Swala Oil and Gas (Tanzania) plc (DAR: SWALA) entered into an agreement to acquire Surestream Petroleum (Burundi) Limited from Surestream Petroleum Limited for TZS 3.12 billion on September 26, 2016. As per the agreement, Swala Oil and Gas (Tanzania) plc will issue 6.25 million shares, which represent 6.25% of Swala’s post-acquisition issued share capital. Surestream Burundi has a 100% working interest in Block D in the Republic of Burundi. Swala Oil and Gas (Tanzania) plc (DAR: SWALA) completed the acquisition of Surestream Petroleum (Burundi) Limited from Surestream Petroleum Limited on September 26, 2016.