Kenya: Pancontinental Posts Sh4.3 Billion Net Loss After Kenya Exit

7 October 2015

Australian exploration company Pancontinental Oil & Gas posted a Sh43 billion ($41.9 million) net loss for the year ended June 30 after exiting Kenya.

The company attributed the loss to increased expenditure for writing off exploration licences following its exit from Kenya's block L10A and L10B located in the Lamu Basin.

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