Ann: Dispute Notices Issued to Swala Oil & Gas (Tanzania) Plc-OEL.AX, page-9

The company has entered into a joint operating agreement (JOA) with Otto Energy (Tanzania) Pty Limited for the operations in Kilosa-Kilombero Area and Pangani Area. The joint operation agreement details the rights and obligations of each operator together with detailed criteria of allocation of the joint assets and expenses. The joint expenses and assets are allocated on a 1:1 basis. In the JOA the partners are charged 3% overhead on all expenses and this forms the other income component in these financial statements.

That was mentioned in SGOTL reports up until the last one along with the 3% charge and the interest detailing how much was there.

Yep, Swala's behaviour gets stranger and stranger the more you look at it. Couldn't raise cash to see themselves through to at least this drill? I don't buy it. Now the subsidiary is smoked? This is becoming an interesting story.