{"id":1794,"date":"2014-09-18T09:24:07","date_gmt":"2014-09-18T08:24:07","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1794"},"modified":"2015-09-07T10:25:14","modified_gmt":"2015-09-07T10:25:14","slug":"otto-energy-requests-trading-halt-ahead-of-major-announcement","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-requests-trading-halt-ahead-of-major-announcement\/","title":{"rendered":"Otto Energy requests trading halt ahead of major announcement"},"content":{"rendered":"<p>The securities of Otto Energy Limited will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company.<\/p>\n<p>Unless the Australian Stock Exchange (ASX) decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 22 September 2014 or when the announcement is released to the market.<\/p>\n<p>Otto Energy has projects in East Africa and South Eastern Asia. In East Africa Otto has a direct interest on 50% of the Pangani and Kilosa-Kilombero Production Sharing Contract through its wholly owned subsidiary Otto Energy (Tanzania) Pty Ltd with Swala Oil and Gas (Tanzania) Ltd (a subsidiary of Swala Energy Limited being the operator and holding the other 50% equity interest.<\/p>\n<p>In Tanzania Swala and Otto Energy are preparing to commence acquisition of further seismic data, and are also planning for drilling of the Kito prospect in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The securities of Otto Energy Limited will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-requests-trading-halt-ahead-of-major-announcement\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1795,"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":[193,205,671,1327,1337,1940,1966,2033,2447,2466],"class_list":["post-1794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-asx","tag-australian-stock-exchange","tag-east-africa","tag-kilosa-kilombero","tag-kito-prospect","tag-otto-energy","tag-pangani","tag-philipines","tag-swala-energy","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/otto-energy_final.jpg?fit=292%2C226&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-sW","jetpack-related-posts":[{"id":579,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-commits-to-pangani-kilosa-kilombero-2nd-year-exploration\/","url_meta":{"origin":1794,"position":0},"title":"Swala Energy commits to Tanzania Exploration","author":"Samuel Kamau Mbote","date":"February 24, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy, through its 65% owned subsidiary\u00a0Swala Oil & Gas\u00a0(Tanzania)\u00a0says it has informed the\u00a0Tanzanian Petroleum Development Corporation\u00a0(\u201cTPDC')\u00a0that it has committed to entering the second 2-Year exploration phase of the Initial\u00a0Exploration Term in both its\u00a0Pangani\u00a0and\u00a0Kilosa-Kilombero Production Sharing Agreement ('PSA')\u00a0licence areas, together with its Joint Venture partner\u00a0Otto Energy (Tanzania), a\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\/2014\/02\/swala-tz.jpg?fit=768%2C454&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/swala-tz.jpg?fit=768%2C454&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/swala-tz.jpg?fit=768%2C454&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/swala-tz.jpg?fit=768%2C454&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6015,"url":"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-swala-oil-and-gas-agree-on-tanzania-disputes\/","url_meta":{"origin":1794,"position":1},"title":"Otto Energy, Swala Oil And Gas Agree On Tanzania Disputes","author":"","date":"May 29, 2017","format":false,"excerpt":"Otto Energy and Swala Oil and Gas (Tanzania) Plc have announced that they have entered into settlement and other commercial arrangements in respect of the various claims and disputes concerning both the Pangani and Kilosa-Kilombero Licences, onshore Tanzania. Under the settlement of the claims and counter-claims concerning the Pangani Licence,\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\/10\/kilosa-kilombero.png?fit=337%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4889,"url":"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-pushes-to-remove-swala-energy-as-operator-in-tanzanias-kilosa-kilombero-license\/","url_meta":{"origin":1794,"position":2},"title":"Otto Energy pushes to Remove Swala Energy as Operator in Tanzania&#8217;s Kilosa-Kilombero License","author":"","date":"August 1, 2016","format":false,"excerpt":"Otto Energy Ltd through its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd, has said \u00a0it 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),\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":"Kito Prospect Map","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/Kito-Prospect-Map.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/Kito-Prospect-Map.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/Kito-Prospect-Map.png?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/Kito-Prospect-Map.png?resize=700%2C400 2x"},"classes":[]},{"id":5424,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tata-petrodyne-farm-in-behind-swala-otto-energy-dispute-in-tanzania\/","url_meta":{"origin":1794,"position":3},"title":"Tata Petrodyne Farm-in behind Swala, Otto Energy dispute in Tanzania","author":"","date":"November 23, 2016","format":false,"excerpt":"A simmering dispute between two Australian companies Swala and Otto Energy in Tanzania could have emanated from a failed joint farm-down by Tata Petrodyne Limited. According to Swala Energy in it latest presentation to shareholders the two joint venture partners had earlier agreed on a joint farm-down by Tata Petrodyne\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\/2015\/10\/Tata-Swala.jpg?fit=200%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1663,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-commences-2d-seismic-acquisition-over-tanzanias-moshi-basin\/","url_meta":{"origin":1794,"position":4},"title":"Swala commences 2D seismic acquisition over Tanzania\u2019s Moshi basin","author":"Samuel Kamau Mbote","date":"August 25, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy Limited has announced the start of its 2014 2D seismic data acquisition programme over the Moshi Basin located within the Pangani exploration licence in northern Tanzania. Swala Oil and Gas (Tanzania) Plc \u00a0which is partly owned by Swala Energy Limited, and its Joint Venture partner Otto\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\/2014\/08\/swala-tanzania-seismic-map.png?fit=264%2C375&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3036,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-completes-farm-tanzanian-licenses-tata-petrodyne\/","url_meta":{"origin":1794,"position":5},"title":"Swala Energy Completes farm-out of Tanzanian Licenses to Tata Petrodyne","author":"","date":"June 1, 2015","format":false,"excerpt":"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\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\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1794","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=1794"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1794\/revisions"}],"predecessor-version":[{"id":3473,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1794\/revisions\/3473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1795"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}