Kenya’s planned investment in oil and gas exploration may rise to a record as the discovery of crude in neighboring Uganda piques interest in the largely untapped territory. Tullow Oil Plc (TLW), the London-based explorer with the most licenses in Africa, plans to sink two test wells in north-western Kenya this year and early 2012, while U.S.-based Apache Corp. (APA) may drill offshore next year, Spending on exploration and drilling is estimated at $126 million, and other companies may follow as more plans are approved. READ ON: http://www.bloomberg.com/news/2011-08-11/kenya-s-oil-investment-grows-as-tullow-apache-exploration-draws-attention.html
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