#mv upstream

[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 Energy JV Partners Risk Losing Kilosa-Kilombero in Tanzania

Swala Energy JV Partners Risk Losing Kilosa-Kilombero in Tanzania

Kilosa-Kilombero block operator Swala and joint venture partners Otto Energy, Tata Petrodyne and MV Upstream are in the risk of losing their license with every indication they are likely to meet their commitment obligations following their ongoing dispute and court case in the Australian high court.

The partners had earlier received a one year extensionexpiring February 2017 from Tanzanian…

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[oilnewskenya]

Tanzania’s Kito Prospect in Drilling in Doubt as JV dispute rages

Tanzania’s Kito Prospect in Drilling in Doubt as JV dispute rages

The drilling of the Kito prospect in the Kilosa-Kilombero license in Tanzania earlier set for Q3 2016 is in doubt going by the latest corporate presentation by JV partner Otto Energy.

In MarchBlock operator Swala Energy had said that all is set to drill at the Kilosa Kilombero license in Q3 2016 with the latest feasibility study showing the majority of roads and bridges are suitable to move a…

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[oilnewskenya]

Otto Energy pushes to Remove Swala Energy as Operator in Tanzania's Kilosa-Kilombero License

Otto Energy pushes to Remove Swala Energy as Operator in Tanzania’s Kilosa-Kilombero License

Otto Energy Ltd through its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd, has said  it wants current operator Pangani and Kilosa-Kilombero licenses relieved off its role after defaulting in various cash calls.

According to Otto Energy its subsidiary has issued various notices to Swala Oil and Gas (Tanzania) plc (SOGTP), pursuant to the Pangani and Kilosa-Kilombero Joint Operating…

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[oilnewskenya]

Otto Energy Agrees Farm-Out Of Tanzania's Kilosa-Kilombero Licence to MV Upstream

Otto Energy Agrees Farm-Out Of Tanzania’s Kilosa-Kilombero Licence to MV Upstream

Otto Energy a joint venture partner in Kilosa-Kilombero Licence with 50% interest has announced that it has reached an agreement with MV Upstream Tanzania Limited (MV Upstream), a joint venture between Vegas Oil & Gas Limited, (Vegas) and Motor Oil Hellas SA (MOH) in respect of the assignment of a 25% participating interest in the Licence onshore Tanzania.

Under the terms of the farm down…

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