{"id":1710,"date":"2014-09-02T13:09:52","date_gmt":"2014-09-02T10:09:52","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1710"},"modified":"2015-09-07T14:34:43","modified_gmt":"2015-09-07T14:34:43","slug":"avana-petroleum-limited-receives-a-default-notice-in-seychelles","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/avana-petroleum-limited-receives-a-default-notice-in-seychelles\/","title":{"rendered":"Avana Petroleum Limited receives a default notice in Seychelles"},"content":{"rendered":"<p>Vanoil Energy Ltd announces that its wholly owned subsidiary, Avana Petroleum Limited, has received a default notice under the joint operating agreement in respect of Seychelles Areas A and B, due to non-payment of its share of joint account expenses in the amount of USD $732,755 plus interest.<\/p>\n<p>In a statement by the chairman of Vanoil Energy on behalf of the board James Passin says Avana has not remedied the default within the time period required under the JOA, and is currently in discussions with East African Exploration (Seychelles) Limited (&#8220;EAX&#8221;) with respect to an extension of the payments.<\/p>\n<p>Vanoil holds a 25% working interest in Seychelles Areas A and B with its partner Afren. Areas A and B comprise 14,319 km2\u00a0in total and are located on the Seychelles micro-continent in shallow to deep water in the northern half of the Seychelles plateau in a region.<\/p>\n<p>Amoco previously drilled three exploration wells in the area where all of which encountered oil shows and, along with the presence of multiple seeps and tarballs, confirms the presence of a working hydrocarbon system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vanoil Energy Ltd announces that its wholly owned subsidiary, Avana Petroleum Limited, has received a default notice under the joint operating agreement in respect of Seychelles Areas A and B, &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/avana-petroleum-limited-receives-a-default-notice-in-seychelles\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[59,184,208,1197,1214,2288,2668,2669],"class_list":["post-1710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-afren","tag-area-a-and-b","tag-avana-petroleum","tag-james-passin","tag-joint-operating-agreement","tag-seychelles","tag-vanoil","tag-vanoil-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/area-and-b-seychelles.png?fit=308%2C256&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-rA","jetpack-related-posts":[{"id":6399,"url":"https:\/\/www.oilnewskenya.com\/index.php\/seychelles-announces-applications-2-blocks\/","url_meta":{"origin":1710,"position":0},"title":"Seychelles Announces Applications for 2 Blocks","author":"","date":"October 12, 2017","format":false,"excerpt":"PetroSeychelles has announced that it has received applications for Area A and Area B and is now inviting other interested parties wishing to submit competing applications for the two areas to do so within ninety (90) days. Area A and Area B were formerly Afren under the\u00a0East African Exploration (Seychelles)\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Area-A-and-Area-B-Seychelles-300x204.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":432,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-provides-update-on-license-renewals-in-kenya\/","url_meta":{"origin":1710,"position":1},"title":"Vanoil Provides Update on License Renewals in Kenya","author":"Samuel Kamau Mbote","date":"February 4, 2014","format":false,"excerpt":"\"Vanoil Energy \u00a0a Vancouver-based Canadian international oil and gas development company has confirmed ongoing discussions with the Kenyan Government with regard to its license renewals in Kenya.These talks are now at a key stage and the Company expects them to conclude imminently. At such time, Vanoil will provide an immediate\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1400,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-energy-to-proceed-with-arbitration-after-loss-of-kenyan-blocks-3a-and-3b\/","url_meta":{"origin":1710,"position":2},"title":"Vanoil Energy to proceed with arbitration after loss of Kenyan blocks 3A and 3B","author":"Samuel Kamau Mbote","date":"July 7, 2014","format":false,"excerpt":"Vanoil Energy has provided an update on the ongoing negotiations with the Kenyan Government with respect to the extension of Vanoil's Production Sharing Contracts over Block 3A and Block 3B, onshore Kenya. Vanoil has decided to proceed with a formal demand for arbitration in accordance with the UNCITRAL arbitration rules\u2026","rel":"","context":"In &quot;Oil Politics&quot;","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/vanoil-block-3a.png?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":395,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-announces-settlement-accord-with-the-government-of-rwanda\/","url_meta":{"origin":1710,"position":3},"title":"Vanoil Announces Settlement Accord with the Government Of Rwanda","author":"Samuel Kamau Mbote","date":"January 25, 2014","format":false,"excerpt":"Vanoil Energy Ltd. a Vancouver-based Canadian international oil and gas development company has announced that the Government of Rwanda and Vanoil have agreed to end their discussions regarding the exploration of Lake Kivu in Rwanda following expiry of the Technical Evaluation Agreement (\"TEA\") between them in June 2013. As part\u2026","rel":"","context":"In &quot;Oil Politics&quot;","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-says-it-may-accept-other-explorers-in-rwanda-oil-search\/","url_meta":{"origin":1710,"position":4},"title":"Vanoil Says It May Accept Other Explorers in Rwanda Oil Search","author":"Samuel Kamau Mbote","date":"December 3, 2013","format":false,"excerpt":"By Bloomberg Vanoil Energy Ltd. (VEL)\u00a0is discussing with the Rwandan government the option of allowing other companies to help explore the country\u2019s East Kivu Graben Basin as they seek to end a dispute over exploration rights. \u201cIt is possible that a settlement or an agreement between the parties might allow\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1862,"url":"https:\/\/www.oilnewskenya.com\/index.php\/vanoil-seeks-150-million-in-suit-against-the-government-of-kenya\/","url_meta":{"origin":1710,"position":5},"title":"Vanoil seeks $150 million in suit against the Government of Kenya","author":"Samuel Kamau Mbote","date":"October 3, 2014","format":false,"excerpt":"Vanoil Energy Ltd. has commenced an international arbitration against the Government of Kenya after the minister for Energy Davis\u00a0Chirchir declined to renew the company\u2019s exploration licenses citing speculation. In the\u00a0suit Vanoil seeks to resolve a dispute arising from the government\u2019s (Respondent) breach of the Production Sharing Contracts for Blocks 3A\u2026","rel":"","context":"In &quot;Oil Politics&quot;","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/vanoil-block-3a.png?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=1710"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1710\/revisions"}],"predecessor-version":[{"id":3611,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1710\/revisions\/3611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1711"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}