Swala Energy halts trading ahead of Kenya Block 12B announcement
Swala Energy has requested a trading halt to last until an announcement is made which it expects to occur before the commencement of normal trading on Monday 21 July in … Read More
Tag: Tullow Oil
Africa Oil, Tullow encounters no oil in Ethiopia’s Gardim-1 exploration well
Africa Oil Corp. has announced that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a … Read More
Tullow Oil operational update July 2014
Tullow Oil has issued a statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 30 June 2014. This is in advance of … Read More
Swala Energy completes 2D seismic in Kenya’s Block 12B
Swala Energy has announced the completion and preliminary interpretation of its 2D seismic programme in Block 12B in Kenya and says the results were positive. Data from the seismic acquisition … Read More
National Oil Corporation to back in Blocks 10BB and 13T
[twitter-follow screen_name=’oilnewskenya’] The National oil corporation of Kenya will exercise its right to back in 2 blocks in North Western Kenya that have already yielded successful results namely Block 10BB … Read More
Kenya’s encounters more oil in Block 10BB
[twitter-follow screen_name=’oilnewskenya’] Ngamia-2 appraisal well in Block 10BB has encountered up to 39 metres of net oil pay and 11 metres of net gas pay according to newest operational update … Read More
Swala Energy requests share trading halt ahead of Kenya’s farmout announcement
Swala Energy Limited has requested that a trading halt be implemented in respect of all Swala securities quoted on the Australian bourse (ASX) pending an announcement from the Company in relation … Read More
Change in Kenya tax laws good for extractive sector
Kenya’s move to replace withholding tax with income tax on assignment of rights targeting the extractive industry has received praise from tax experts who say this move will encourage farm-outs … Read More
East African crude oil pipeline construction an ‘emergency project’
The Kenyan government has announced that the construction of its 800km pipeline part of the 1300 kilometer Uganda-Kenya pipeline will be classified as an emergency project. The entire pipeline which … Read More
Citi warns Tullow Oil’s debt build-up could delay production
Source: Business Daily London Stock Exchange-listed Tullow which has discovered oil in Turkana County should sell part of its stake to raise money for production, analysts at Citigroup Global Markets … Read More