#kito-1

[oilnewskenya]

Otto Energy Doubtful of Kito-1 Drilling Until Disputes Are Resolved

Otto Energy Doubtful of Kito-1 Drilling Until Disputes Are Resolved

Joint venture partner in the Kilosa-Kilombero license Australian explorer Otto Energy has poured cold water on the drilling of Kito-1 well until outstanding disputes with Operator, Swala Oil & Gas (Tanzania) plc (SOGT)  are resolved in its latest quarterly report.

“Forward Plan Until the outstanding joint venture disputesare resolved, Otto does not see that the joint venture can progress drilling…

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[oilnewskenya]

Swala Oil & Gas Issues Otto Energy With Notice Of Withdrawal in Tanzania

Swala Oil & Gas Issues Otto Energy With Notice Of Withdrawal in Tanzania

Swala Oil & Gas (Tanzania) plc  has advised that it has exercised its option under the Kilosa-Kilombero Joint Operating Agreement (JOA) to require Otto Energy (Tanzania) Pty Ltd  to withdraw from the JOA and the Kilosa-Kilombero Production Sharing Agreement.

Swala Oil & Gas accuses Otto of failing to fulfill its obligations under the JOA and to pay the sums it owed in order to remain on the…

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[oilnewskenya]

Swala Oil & Gas Hints 12 month License Extension in Tanzania’s Kilosa Kilombero

Swala Oil & Gas Hints 12 month License Extension in Tanzania’s Kilosa Kilombero

Swala Oil & Gas (Tanzania) plc has announced that it has received a 12 month extension from the Ministry of Energy and Mines at the Kilosa Kilombero license although with a caveat that the contractors provide financial guarantees covering the minimum well commitment before it extended the Production Sharing Agreement (“PSA”).

These guarantees, required under the terms of the 2012 Production…

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