From the OEL Qtly ...2 weeks ago....?
Completion of the farm-out agreement is pending subject to the terms being reassessed due to the delay in drilling past 2016 and various JV issues.
Otto has issued dispute notices to Operator, Swala Oil & Gas (Tanzania) plc, in respect of issues under the relevant joint operating agreements. Operator has issued a default notice to Otto and Tata Petrodyne for failure to pay July 2016 cash calls of US$240,000 (OEL share 50%) – Otto notes this default notice may be defective. Otto continues to discuss these matters with Swala Oil & Gas (Tanzania) plc and local authorities to ascertain the best way forward.
Positive News, page-25
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.1¢ | $27.98K | 2.331M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 17730262 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1414609 | 2 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| OEL (ASX) Chart |