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Update: Swala Energy Exits Kenya’s Block 12B

Oilnews Kenya can confirm that joint venture partner in Kenya’s block 12B Australia’s Swala Energy has exited from the license as earlier reported.

According to communication from Tullow Oil the JV partner exited in October 2016 leaving the operator with 100 percent equity.

“In line with the Joint Operating Agreement (JOA), Tullow Oil has 100% participating interest in Block 12B as from October…

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#administrator #Australian high court #Block 12B #capital raising #directors #Exit #Kenya #Kilosa-Kilombero license #legal dispute #MV Upstream #Otto Energy #Swala energy #Tanzania #Tata Petrodyne #Trident Capital #Tullow Oil

Swala Energy Exits Kenya’s Block 12B

There is uncertainty on whether Australian firm Swala Energy which held 50 percent equity in Kenya’s block 12B has relinquished its share with the Tullow Oil website indicating that the operator now holds 100 percent equity.

Swala’s Tanzania subsidiary that remains the only functioning website by the Australian explorer shows no Kenyan acreage in its assets category further confirming that it…

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#Ahero “A”#Block 12B #CEPSA #EARS #East African Rift System #farm-in #Full-Tensor Gravity (“FTG”) Survey #Kenya #Kito propsect #Lokichar Basin #Nyanza Rift #Otto Energy #seismic #Swala energy #Tullow Oil

Tullow Oil, Swala Energy Commence FTG Over Kenya’s Block 12B

An Full-Tensor Gravity (FTG) survey over Block 12A has commenced to gain further data on this prospective area where the operator Tullow Oil and Swala Energy have until 16th of August 2017 within which to drill the 12B exploration well.

The FTG survey follows the approval of a new work programme submitted by the explorers involving carrying out a Full-Tensor Gravity (“FTG”) Survey over the block…

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#Ahero “A”#Block 12B #FTG #Full Tensor Gravity survey #Kenya #Nyanza Graben #Swala energy #Tullow Oil

Tullow Oil, Swala Energy to carry out a FTG Survey over Kenya’s Block 12B

Kenya’s Block 12B operator Tullow Oil and joint venture partner Swala Energy have announced that the government of Kenya has approved a new work programme submitted by the explorers involving carrying out a Full-Tensor Gravity (“FTG”) Survey over the block to optimise the location of the exploration well and thereby maximise its chances of success.

Following the extension on March 10th the…

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#2D seismic #Ahero-1 #Block 12B #CEPSA #Compania Espanola de Petroleos (CEPSA)#Dr. David Mestres Ridge #Full Tensor Gravity survey #Nyanza Graben #Swala energy #Tullow Oil

Tanzania farm-out enables Swala Energy repay loan acquired in December

Swala Energy Limited has said it has agreed with Magna Equities II LLC the provider of an interim financing mechanism entered into by way of provision of Convertible Notes in December 2014.

Under the agreement Swala Energy says it shall undertake to redeem all of the outstanding 452,381 Convertible Notes currently held by Magna at a cost of US $598,500.

According to the Australian explorer’s CEO…

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#Block 12B #Kenya #Kilosa-Kilombero #Magna Equities #Pangani license #Swala energy #Tanzania #Tata Petrodyne Limited

Swala Energy Completes farm-out of Tanzanian Licenses to Tata Petrodyne

Swala Energy Limited has announced that Swala Oil and Gas (Tanzania) Plc has reached agreement with Tata Petrodyne Limited a subsidiary of the multinational Tata Sons Limited, under which TPL shall farm into the Pangani and Kilosa-Kilombero licences in Tanzania.

Tata Sons Limited is the holding company of the Tata Group and holds the bulk of the shareholdings in the companies within the Group.…

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#Block 12B #Bombay Stock Exchange #FirstEnergy Capital #Kenya #Kilosa-Kilombero #Otto Energy #Pangani #Rand Merchant Bank #Swala energy #Swala Tanzania #Tanzania #Tata Group #Tata Petrodyne Limited #Tata Sons Limited

Swala Energy signals possible Farm-Out deal in East Africa in coming days

Australian explorer exploring the East African Rift System in Kenya, Tanzania and Zambia has said it is awaiting the receipt of signed farm-out documents having finalized the final steps in the agreement.

According to the Company’s Non-Executive Chairman Mr. Ken Russell it is however still not possible to name the new partners due to confidentiality agreements until the receipt of those signed…

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#Ahero “A”#Block 12B #CEPSA #East Africa #Farm Out #Kenya #Kilosa-Kilombero license #Kito prospect #Moshi basin #Ngazi lead #Pangani licence #Swala energy #Tanzania #Zambia

Swala Energy announces progress in its planned farm in East African assets

Swala Energy Limited has announced that, following the completion on the 31st March 2015 of the strategic review process managed by FirstEnergy Capital LLP, the Company has received a number of expressions of interest from credible parties wanting to farm in to one or more of Swala´s licences.

The company that holds interest in Tanzania (Kilosa-Kilombero, Pangani licenses), Kenya (Block 12B) and…

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#Block 12B #Block 44 #CEPSA #Compania Espanola de Petroleos #farm-down #farm-in #First Energy Capital #Kenya #Kilosa-Kilombero #London Stock Exchange #Pangani license #Swala energy #Tanzania #Zambia

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