[Source: Kenyan Wall Street, by Jackson Okoth]
Canadian-based Africa Oil Corporation (AOC)- a leading oil and gas multinational, has indicated that it has insufficient capital to complete development activities in Kenya’s oil fields located in the South Lokichar Basin, Turkana County.
In a report to its shareholders, AOC said it will, however, continue to assess the sufficiency of its capital resources until a field development and financial plan is approved.
This disclosure comes after Tullow Oil, the operating partner on…
