#farm-down

Tullow Oil announces Farm-Down to Delonex Energy in Kenya’s Block 12A

Kenya’s Block 12A operator Tullow Oil has announced it has agreed to farm-down 25% of its 65% operated working interest in Block 12A to Delonex for a carry.

The block which expects to see its first well spud in 2016 has seen a lot of activity in the past fortnight following the sale of assets by Marathon Oil to an undisclosed company and the entry of Maersk Oilfollowing a farm-out by joint…

Swala Energy announces progress in its planned farm in East African assets

Swala Energy Limited has announced that, following the completion on the 31st March 2015 of the strategic review process managed by FirstEnergy Capital LLP, the Company has received a number of expressions of interest from credible parties wanting to farm in to one or more of Swala´s licences.

The company that holds interest in Tanzania (Kilosa-Kilombero, Pangani licenses), Kenya (Block 12B) and…

Experts call for clear tax policies on farm down transactions in Kenya

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Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions may be a draw back with the potential to derail the momentum in the industry.

The experts took issue particularly with the assumption by policy makers that all farm down transactions generate windfall profits warning that this could discourage investors wishing…

Swala Energy appoints financial advisor as it considers farm-down in East Africa

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Swala Energy has announced that it has appointed London based First Energy Capital LLP as financial adviser to the Company as it considers interest from a third party to review the Company’s assets available for farm-down.

Swala says that it has continued to receive additional levels of interest since its first announcementon 2nd December 2014 in relation to the partial or…