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Kenya: L6 to be relinquished

Australian companies Pancontinental Oil & Gas and FAR Limited have agreed to settle their long-running dispute over Kenya Block L6 and relinquish the licence. Pancontinental said it would make a payment of $150,000 in settlement of outstanding cash calls. The partners will then start the process of withdrawing from the block. Pancontinental said it had received default notices totalling $567,145.80 this year. The company has disputed the amounts since 2015, arguing that no exploration was taking place on the block.

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