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Inside Investor

KENYA: Jordanian Company Quits Exploration License

KENYA: Jordanian Company Quits Exploration License

Bottom Line: The decision by Jordan’s Edgo Energy to relinquish its offshore exploration license opens up opportunities for new explorers but highlights two key problems: the technical difficulty of drilling in Kenya’s deep waters and the security implications of exploring in this maritime border area which is still disputed by Somalia and Kenya.

Analysis: Edgo Energy’s…

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