Swala Oil & Gas Pushes Kito 1 Well Drilling to 2019
The drilling of the Kito 1 well in Tanzania’s Kilosa Kilombero license will likely happen in 2019 following the signing of a Memorandum of Understanding between Swala Oil and Gas, … Read More
Tag: Swala Oil and Gas
Orca Exploration Announces Closing of the First Tranche of the Swala Investment
Orca Exploration Group has announced that the escrow release conditions have been met regarding the first tranche of the previously announced investment of up to US$130 million by Swala Oil … Read More
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
Swala Oil and Gas (Tanzania) reports $0.47M Loss in H1 2017 Results
Dar es Salaam stock exchange listed Swala Oil and Gas (Tanzania) and a subsidiary of Swala Energy Limited. Swala Energy Limited is a public company listed on the Australian Securities Exchange … Read More
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 arrangements in respect of the various claims and disputes concerning … Read More
Tanzania: With Gas Already in Its Bag Tanzania’s Rift System Set to Become Next Oil Frontier
Original Story by Chaby Barasa for Tanzania daily News IF recent geological findings are anything to go by, the East African Rift System (EARS) is poised to become the next big … Read More
Swala Oil and Gas Tanzania to establish trust fund
Swala oil and gas Tanzania will establish a trust fund that will be used to collect proceeds from sales in oil and gas for communities in areas where extraction is … Read More
Swala Oil and Gas to raise Kshs.260 million in Tanzanian IPO
Swala Oil and Gas will starting today open its shares to the Tanzanian public selling 9.6 million shares at TZS 500 (approx. $0.31) a share as it seeks to get … Read More