Tanganyika Oil reports oil and gas

The Tanganyika Oil Company has announced that their Mita-1 well has reached a depth of 7,300 feet and has encountered oil and gas shows above and below lower Jurassic salt. Mita-1 is the first well of a two well, onshore oil exploration program on the Mandawa Block in Tanzania, Africa. According to the company it is too early to assess the economic significance of the oil and gas shows pending the well reaching total depth and pending logging and testing if warranted.