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TANZANIA Swala Energy banks everything on Orca

机译:坦桑尼亚Swala能源公司在Orca上存储一切

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Tanzanian-incorporated firm Swala Oil &rnGas, a unit of Australian junior SwalarnEnergy, is having to shuffle its resourcesrnto keep its Tanzanian activities up and running.rnIt has until August 31 to pay partnerrnOtto Energy some $800,000 as a disputernsettlement. The two firms had been pittedrnagainst each other over onshore blocksrnPangani and Kilosa-Kilombero since Mayrn2016 ( AEI 769). At the same time, SwalarnOil & Gas is currently in talks with OcrarnExploration to invest $130 million in itsrnTanzanian affiliate PanAfrican Energyrnwhich produces gas from its Songo Songornfield ( AEI 780). This will give Swala arnfoothold on a permit already in productionrneven though the company had refused tornask for an extension on its Pangani permit,rnwhich expired in February. Swala Energyrnis supposed to reimburse Swala Oil & Gasrn$750,000 before October 10. Beset byrnfinancial difficulties, Swala Energy voluntarilyrnplaced itself under the administration ofrnAustralian consultancy HQ Advisory in Junern2016, two months after cancelling its stockrnlisting. The junior is also concerned aboutrnrecent mining laws adopted by thernTanzanian parliament in July. It is worriedrnthat the tax deals initially signed with thernDar es Salaam authorities will be revisedrnto its disadvantage. Swala Oil & Gas’ otherrnshareholders include Ernest Massawe,rnchairman of the company and former Ernstrn& Young Tanzania executive, SimonrnMbilinyi, a former economic advisor tornex-president Julius Nyerere and formerrnminister of finances, and Abdullah Mwinyi,rnan ex-BP executive.
机译:坦桑尼亚合并后的公司Swala Oil&rnGas是澳大利亚初级SwalarnEnergy的子公司,必须改组其资源以保持其坦桑尼亚活动的正常运转。该公司必须在8月31日之前向合伙人奥托能源公司支付约80万美元作为纠纷解决。自2016年5月以来(AEI 769),这两家公司一直在岸上区块Pannani和Kilosa-Kilombero上相互对抗。同时,SwalarnOil&Gas目前正在与OcrarnExploration进行谈判,以向其坦桑尼亚分公司PanAfrican Energyrn投资1.3亿美元,后者通过其Songo Songornfield(AEI 780)生产天然气。这将使Swala在已经生产的许可证上站稳脚跟,尽管该公司拒绝了Tornask对其Pangani许可证进行延期,该许可证于2月到期。 Swala Energyrnis应该在10月10日之前向Swala Oil&Gasrn偿还750,000美元。在财务困难困扰下,Swala Energy在取消股票上市两个月后,于2016年6月自愿将自己置于澳大利亚咨询公司HQ Advisory的管理之下。大三学生还对坦桑尼亚议会7月份通过的最新采矿法表示关注。令人担心的是,最初与达累斯萨拉姆当局签定的税收协定将被修改为不利。斯瓦拉石油天然气公司的其他股东包括该公司董事长兼前恩斯特拉&扬坦桑尼亚公司高管欧内斯特·马萨维(Ernest Massawe),曾任Tornex主席朱利叶斯·尼雷尔(Julius Nyerere)兼经济部长的前经济顾问SimonrnMbilinyi,以及前BP高管阿卜杜拉·姆温尼(Abdullah Mwinyi)。

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    《Africa energy intelligence》 |2017年第799期|4-4|共1页
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