Australian firms to sell part of Kenya exploration rights

Monday June 24 2013

An oil rig at Ngamia 1 in Turkana County where Tullow discovered oil. Australia-listed firms FAR Limited and Pancontinental Oil and Gas are seeking to sell part of their exploration rights on a block off the coast of Kenya, to raise funds that will be used in drilling. Photo/FILE

An oil rig at Ngamia 1 in Turkana County where Tullow discovered oil. Australia-listed firms FAR Limited and Pancontinental Oil and Gas are seeking to sell part of their exploration rights on a block off the coast of Kenya, to raise funds that will be used in drilling. Photo/FILE Nation Media Group

By David Mugwe, The EastAfrican

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