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Share Name Share Symbol Market Type Share ISIN Share Description
Kosmos Energy LSE:KOS London Ordinary Share BMG5315B1072 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 383.00p 375.00p 383.00p - - - 521 12:07:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
471.5 -131.7 -42.2 - 1,490.97

Kosmos Energy Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
Apparently, Kosmos beat Woodside to the deal with Shell in Namibia PEL39
Kosmos's other half in the pairing that acquired Ceiba + Okume, that's Trident Energy, are apparently limbering up to potentially acquire ExxonMobil's stake in Zafiro, with backing from WarburgPincus. Hence WP selling those 50m shares in KOS last week. Given that KOS spent $188m buying back their own shares from WP last week, it doesn't seem like KOS are going to be part of the Zafiro deal. Damn!!! Zafiro would have been a mighty fine fit for Kosmos. Better than Deep Gulf Energy methinks. Damn!!! Nevertheless KOS closed up 8.2% on NYSE tonight on 2.6X volume.
WarburgPincus selling 50m @ $5.43 (or a 5.89% discount to last nights close) Of the 50m shares 15m are by open offer and 35m have been re-purchased by KOS at a cost of $188m from "cash and liquidity" The underwriter gets an option to purchase 2.25m @ $5.43 within 30 days.
Bit of red ink in the Q3's, for example $58m non-cash write off Akasa/Wawa, bought $50m GOM seismic, although generating "substantial" FCF for year, with 2018Y financial targets on track, and indicative maiden divi Q1/19. Would imagine the accumulating tax losses must be "worth" a bit! Ghana production as expected (Q3 156.9K bopd)..... so will need to hit Q4 165.0K bopd to match 2017Y (my numbers). 2019 ought to be better. EG has fallen off a bit since initial post acquisition bump up, with ESP installations starting about now. GoM seems OK, early days. Interesting exploration alliance with Shell. K farm in to PEL39 - from memory UDW Orange Basin, outboard of Kudu, thought to be oil prone, well 1H19(?). Shell negotiating farm in to STP 5/6/11/12. 2019 - spend 55% prod'n optimisation & exploitation. Next years financials ought to improve on increasing Ghana production, ditto hopefully EG, and maybe ditto GoM(?). Let's see what Wall Street makes of it..........Edit@17:00. Not much! -6%
the dust hasn't settled yet! although starting to look interesting, excepting the macro. Pyrotechnics guaranteed for the Q3's - 5th of November :)
this is going well :)
If anyone is interested (I'm quite sure no one is!) then the 7 wins in BOEM Lease Sale 251 are documented here hTTps:// (Search: Deep Gulf Energy identifier: 03362)
Acquisitions performing well, Pontoenoe-1 water wet. Will be adding once the dust has settled :) hTTps:// Pontoenoe-1 was designed to test late Cretaceous reservoirs in a stratigraphic trap charged from oil mature Albian and Cenomanian-Turonian source kitchens. The well was located offshore Suriname approximately 280 kilometers northwest of Paramaribo in approximately 2,497 meters of water and has been drilled to a total depth of approximately 6,194 meters. The prospect was fully tested but did not discover commercial hydrocarbons. High-quality reservoir was encountered, but the primary exploration objective proved to be water bearing. Kosmos believes there was evidence of a working source kitchen and the prospect failed due to a lack of trap.
Greetings mcsean2164 - the main listing is NYSE:KOS. But it's also traded in London (epic: KOS). The price in London tends to follow the US$ price of KOS on the NYSE. At start of trading in London the spread can be wider, then sometimes it narrows as the day progresses, but this is not always the case. (Have not looked into KOS.F; whatever that is) Would have thought LSE was the best option if you are UK based assuming Wall St does not collapse overnight one day in the future.
xx, Have followed you over here from tullow. Getting to the point where I'm thinking of moving to something else. Is this it on the frankfurt exchange? KOS.F Don't want anymore exposure to sterling!
Looks like Ensco DS12 was on Pontoenoe-1 location about 15th August.
Kosmos Energy (KOS) News Out Just Now
Q2 Results today, couple of newsworthy items (1) Never heard of Deep Gulf Energy before. Seems to be underpinned by Private Equity and run by former Mariner Energy guys hTTp:// It's early days, but the previous EG acquisition seems to be going very well. Who knows how the DGE assets will fair? Could be a well timed partial exit by First Reserve? Edit ----> Presentation now available hTTp:// A by-product of transaction is private equity's share of Kosmos increases by about 5%. (2) Kosmos expects to commence drilling operations on the Pontoenoe-1 well in mid-August. Pontoenoe is the first of up to three independent prospects in Block 42 offshore Suriname and is a similar play type to the Turbot and Longtail discoveries located approximately 70 kilometers to the west in Guyana.
Upcoming key date for Kosmos Energy’s (KOS) shareholders
..... the first of which was a duster. "....Anapai-1A was drilled to a total depth of 4,556 meters and was designed to test lower Cretaceous reservoirs in a structural trap on the flank of the basin." With a bit of luck, and the wind in the right direction, Kosmos may have a better outcome with next well in upper cretaceous ..... "The drillship will proceed as planned in the third quarter to test Pontoenoe, the first of up to three independent prospects in Block 42 offshore Suriname. Pontoenoe is a similar play type to the Turbot and Longtail discoveries located approximately 70 kilometers to the west in Guyana."
So much for my thoughts about requin-tigre. Probably a bit of head scratching in Dallas and BP come to that. There will now be a 2 or 3 month hiatus, then the rig is off to Suriname for a couple of high impact oil drills.....
DS12 still seems to be drilling away at Requin-Tigre (hopefully not just p&a'ing!). After R-Tigre the rig is supposed to be off to Suriname Block 45, followed by Block 42. Block 42 is possibly the more interesting well, as it's a direct analogue of Lisa. Hess are involved in both Lisa and Block 42, so useful to have them on board. Hess today confirmed the B42 well is in their 2018 Capital Budget, so looks like that well going ahead.
Well Lamantin was a dud. I kind of thought Kosmos might do better than Tullow’s last well in the vicinity. (Can’t look up name of that well as I’m travelling) In fact they appear to have faired worse than Tullow! Would have thought the current well targeting a huge gas prospect outboard of Tortue ought to have a better outcome. Note share price up 8% today. Maybe a harbinger of success or just catching up with oil price. I guess we’ll find out soon...... Meanwhile Kosmos/BP’s new exploration partnership have been picking up blocks in the Gulf of Guinea: So far, CI 526/602/603/707/708 in Cote d’Ivoire and Blocks 10 and 13 in EEZ São Tomé and Príncipe. Kosmos now have quite a big footprint in the GofG/WATM. Reminiscent of Tullow after Jubilee. Let’s hope they have better luck than Tullow had! I also hold Tullow as a recovery/production growth play 2018/19.
Looks like DS12 has spud Lamantin. We should get a result in about 55 days.
Never good news when an E&P simply provides an "Update" on a well ;-) hxxp:// The Ensco DS 12 drillship will now proceed as planned to Block C-12 offshore Mauritania to test the independent Lamantin oil prospect. The Lamantin prospect is located approximately 80 kilometers offshore and 180 kilometers northeast of Hippocampe in 2,185 meters of water. The prospect comprises Campanian age reservoirs charged from the shallow, immediately underlying, oil prone, oil mature Albian and Cenomanian–Turonian source rocks.
Would have thought we are almost done with drilling Hippocampe by now (bit of a flurry of activity around rig with the supply ships today - but they are, after all, just green dots on a map so don't get too excited). BP may say something on Tuesday with their Q3's, if not, we'll definitely learn something when Kosmos report on 6th November. On the rig front, Atwood Oceanics have been bought out by Ensco, with the Atwood Achiever now referred to as Ensco DS12. The drill ship was going to come off contract about now but K have signed a one well extension + options, according to Ensco's 3Q webcast:- "We signed a 1 well contract extension offshore Mauritania/Senegal in direct continuation of the well in progress, which is expected to keep the rig under contract until March 2018 AND includes 6 one well options, that if exercised, would extend the contract into 2Q 2019."
And thanks for starting this bb ohisay! Kosmos have a new presentation on the transaction:- hxxp:// (change the xx to tt, which is annoying)
Good post XX - thanks
Interesting news from Equatorial Guinea Hess Corporation (NYSE:HES) announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy (NYSE/LSE: KOS) and Trident Energy for a total consideration of $650 million, effective January 1, 2017..... .....During the first half of 2017, net production from the company’s assets in Equatorial Guinea averaged 28,000 barrels of oil per day. Hess holds an 85 percent paying interest and is operator. Tullow Oil holds a 15 percent paying interest and the Republic of Equatorial Guinea holds a 5 percent carried interest. Trident Energy is a new start up backed with $600m of funding led by Warburg Pincus, who were also one of Kosmos Energy's founding investors. And Brian Maxted knows these assets very well, as he discovered them! Just to recap Brian Maxted was the main exploration guy at Triton Energy, and the genius behind the discovery of Ceiba and the Okume complex fields in Equatorial Guinea, which at one time had a combined plateau output approaching 100K Bopd. Triton then sold themselves to Almerada Hess. Subsequently some of the Triton guys including Brian, founded Kosmos energy with a large slug of private equity backing. Since Kosmos’s formation, Brian then became the exploration brain behind Jubilee and TEN discoveries in Ghana and now the massive gas discoveries (and who knows maybe oil) in Senegal/Mauritania. What an amazing career. There hasn't been much infill drilling, if any, on Ceiba/Okume since oil price collapse, so if new parters bring a rig back in I'd imagine they could increase production by a worthwhile amount. Tullow could exercise their pre-emption rights but maybe their balance sheets looks a bit weak? Anyway looks like a good rebalancing asset from Kosmos point of view, as the exploration tail was beginning to wag the dog.
Kosmos have already found zillions of dry gas molecules offshore Senegal/Mauritania, so another 10TCF of dry gas at Hippocampe maybe a bit of a yawn. Kosmos would really like to find liquids as farminee BP agreed to pay Kosmos a royalty of up to $2/bbl on the first 1 billion barrels of produced liquids. Atwood Achiever drillship has been on Hippocampe for about 50 days now. With previous wells typically taking 55 to 65 days, a result is probably due soon, although they may leave an announcement until Q3 financials on 6th Nov.
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