Swala Energy to seek alternative funding for drilling in East Africa

Swala Energy to seek alternative funding for drilling in East Africa

Board members of Australian explorer Swala Energy have said the company will be seeking alternative funding to finance its drilling obligations ahead of its planned campaign in 2015 after a Share Purchase Plan which closed 17th November 2014. The Share Purchase Plan was withdrawn after Swala’s board observed that it was not in the best … Continue reading

Callkey Network targets East Africa’s Oil and Gas Industry with its VSAT products

Callkey Network targets East Africa’s Oil and Gas Industry with its VSAT products

Internet Service Provider Callkey Networks has said it will be giving special focus to players in the oil and gas industry by providing specially customized products that suits the various needs identified in the region. In special focus will be the provision of guaranteed services that meet data demands recognized by companies already carrying activities … Continue reading

Environmentalists’ stop CAMAC Energy from seismic acquisition in Kenya’s block L16

Environmentalists’ stop CAMAC Energy from seismic acquisition in Kenya’s block L16

CAMAC has been forced to stop a planned seismic acquisition programme through Kenya’s coastal area’s Arabuko-Sokoke forest after environmentalists protested the acquisition of two seismic lines through the largest stretch of coastal dry forest remaining in Eastern Africa and second in Africa in birdlife conservation from Congo. According to the company’s managing director Augustin Nkuba the … Continue reading

Atlas Development and Support Solutions expects Kenyan listing by mid December

Atlas Development and Support Solutions expects Kenyan listing by mid December

Oil and gas solutions services provider Atlas Development and Support Solutions has said it expects a dual listing on the Growth Enterprise Market Segment (‘GEMS’) of the Nairobi bourse by December 15th as it continues with the last stages of discussions with According to the chief executive officer of the London Company Carl Esprey Atlas … Continue reading

Ophir Energy unsuccessful in Tanzania’s East Pande Block and Block 7

Ophir Energy unsuccessful in Tanzania’s East Pande Block and Block 7

Ophir Energy has announced that Tende-1 well drilled in the East Pande block has been unsuccessful with no moveable hydrocarbon encountered. The well which reached a depth of 4153 meters according to Ophir encountered water at 781 meters and gas traces in the upper strata of the primary objective. The company was also unsuccessful in … Continue reading

Insecurity, Political issues continue to haunt exploration in Puntland, Somalia

Insecurity, Political issues continue to haunt exploration in Puntland, Somalia

Insecurity continues to paralyze oil and exploration in Puntland with many companies holding back activities until a solution is sought. Just recently Horn Petroleum which holds licenses Puntland’s Dharoor and Nugaal blocks recently told its shareholders it had halted the planned seismic acquisition in the Dharoor Valley area which will include a regional seismic reconnaissance … Continue reading