Kosmos Energy Share Discussion Threads

[xxnjr1] 24/10/2017 20:09

And thanks for starting this bb ohisay!
Kosmos have a new presentation on the transaction:-

hxxp://investors.kosmosenergy.com/static-files/40e83360-5314-44be-9b5f-f5b3c6fd05b7

(change the xx to tt, which is annoying)

[ohisay] 24/10/2017 05:26

Good post XX - thanks

[xxnjr1] 24/10/2017 03:41

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.

[xxnjr1] 21/10/2017 13:50

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.

[happyholder123] 09/9/2017 11:07

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[jusmasel99] 21/8/2017 07:07

Welcome Kosmos to the LSE this morning. Good friends of Europa (EOG) perhaps they might get together for a chat?

[ohisay] 16/2/2016 15:58

I'll be posting some articles here on KOSMOS over the next few months.