SWE question, page-10

Here’s Swala response courtesy gortongums
04th October 2017
Update on Pangani Settlement with Otto Energy (Tanzania) Pty Ltd. Swala Oil and Gas (Tanzania) plc ("Swala" or "the Company") advises that the Federal Court of Australia has confirmed Swala’s obligation to pay Otto Energy (Tanzania) Pty Ltd (“Otto) the sum of $800,000 agreed under the Pangani Settlement Agreement (see Swala’s market update of the 29th May 2017). Otto must now register the debt in Tanzania before a further hearing is scheduled to address the matter in the Tanzanian courts. The Company expects that it shall by that stage have secured all necessary approvals authorising the transaction, including those of the Tanzania Revenue Authority in respect of the three agreements entered into by Swala and Otto as advised to the market on the 29th May 2017.