A JV led by Apache (APA -0.4%) discovers natural gas off the coast of Kenya, boosting hopes the...

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A JV led by Apache (APA -0.4%) discovers natural gas off the coast of Kenya, boosting hopes the east African nation could have commercial reserves after big finds in nearby Mozambique and Tanzania. The Mbawa-1 exploration well hit a net gas column of 52 meters; the well is still drilling towards a planned depth of 3,275 meters, with a secondary target reservoir along the way.