OEL 4.08% 4.7¢ otto energy limited

Ann: GC 21 Bulleit Appraisal Well Update, page-295

  1. 676 Posts.
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    I am happy to wait a few more days on Bulleit !!
    It is a lot better than if we were still waiting on drilling in Africa:-

    Swala oilandgas.com 6May2019
    SWALA DECLARES FORCE MAJEURE UNDER THE KILOSA KILOMBERO PSASwala Oil & Gas (Tanzania) plc (“Swala” or “the Company”) advises that the Kilosa-Kilombero JointVenturehasdeclared ForceMajeureundertheKilosa-KilomberoProductionSharingAgreement(“PSA”).In 2018 the Joint Venture resolved the issues of permitting that had prevented access to, and drilling operations in, the Kilosa-Kilombero area. In late 2018 the Joint Venture commenced the tendering process to select drilling contractors and teams. InJanuary 2019 it selected a drilling team and started planning the 2019 drilling campaign. On the 30th January 2019 it was advised by the Ministry of Energy (MOE) that all mattersrelating to the licence extensionwouldbe notified to the Operator once the government hadconcluded a review of existing PSAs.

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