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 agreed under the Pangani Settlement Agreement in May 2017 Under … Read More

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 … Read More

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 transaction with TPL for the Kilosa-Kilombero and Pangani licences in … Read More

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 Mining (MEM) has agreed to extend the period within which … Read More

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% of the Company. The loan is to be made available … Read More

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 subsidiary of the multinational Tata Sons Limited, under which TPL … Read More

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 Oil & Gas (Tanzania) Plc that is in the process … Read More