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Swala Energy to pay Otto Energy $800,000 in Tanzania’s Pangani Settlement Agreement

The Federal Court of Australia has confirmed Swala’s obligation to pay Otto Energy (Tanzania) Pty Ltd the sum of $800,000…

Posted in Oil Politics Top News

Otto Energy, Swala Oil And Gas Agree On Tanzania Disputes

Otto Energy and Swala Oil and Gas (Tanzania) Plc have announced that they have entered into settlement and other commercial…

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Swala Oil and Gas Secures $130 million To Finance Tanzania Operations

Swala Oil & Gas (Tanzania) PLC has announced that it has entered into a letter of intent with a global…

Posted in Oil Politics Top News

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…

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Tata Petrodyne seals farm-out transaction with Swala Energy after payment of $5.7 million

Swala Energy Limited has confirmed that US$5.7 million has been received from Tata Petrodyne Limited (TPL) pursuant to the farm-out…

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Swala Energy Obtains One Year Licence Extension To Each of its Tanzania Licences

Australian explorer focusing on the East African Rift System Swala Energy has announced that the Tanzanian Ministry of Energy and…

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Swala Energy receives Funding from Hayaat International for exploration in East Africa

Swala Energy has received interim funding from Hayaat International Limited a cornerstone investor who holds an equity interest of 9.2%…

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Swala Energy Completes farm-out of Tanzanian Licenses to Tata Petrodyne

Swala Energy Limited has announced that Swala Oil and Gas (Tanzania) Plc has reached agreement with Tata Petrodyne Limited a…

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Otto Energy requests trading halt ahead of major announcement

The securities of Otto Energy Limited will be placed in Trading Halt Session State at the request of the Company,…

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Swala Energy IPO in Tanzania oversubscribed

[twitter-follow screen_name=’oilnewskenya’] Swala Energy Limited has provided an update of the Initial Public Offer (IPO) of is Tanzanian subsidiary Swala…