Kosmos Energy Share Discussion Threads

[fraserdean] 15/7/2024 15:41

Yep the South African government has an endless capacity to mess things up, can't power industry cos there's no supply but with gas sitting offshore can't get it developed, absolute disgrace

[cat33] 03/7/2024 14:11

Good summary of the latest https://oilman.beehiiv.com/p/oilman-jims-letter-july-3-2024Worth reading

[xxnjr] 02/7/2024 18:36

Africa Energy -50%
on chatter Total Energies about to pull the plug on S.Afr 11B/12B Gas Development.

[xxnjr] 28/6/2024 18:16

Now confirmed by Chevron.

[xxnjr] 27/6/2024 15:40

Apparently so.

[fraserdean] 27/6/2024 10:43

Is the bollsta contract for chevron?

[fraserdean] 26/6/2024 13:23

Hadn't looked at that.

[xxnjr] 26/6/2024 01:06

You could say BTG have dumped their debt on to AOC's balance sheet?

[xxnjr] 26/6/2024 00:53

what about growth through acquisitions from exiting majors?

[I feel RT tends to look like a bit of a loose cannon whereas the CCO (Quinn) is far more assured]

[fraserdean] 25/6/2024 14:12

Market likes it but wasn't overawed by the presentation again.

It seems all AOC is about now is paying divis and reducing capex.

[xxnjr] 24/6/2024 19:31

It's a very capable rig. No problemo :)

AOC. Missed the BTG webcast. The guys at BTG Pactual are very smart. Have not absorbed the details yet but market seems to like it.

[fraserdean] 18/6/2024 15:39

Hopefully the Kosmos rig will be able to drill this time

[fraserdean] 18/6/2024 15:38

Ah, according to teh PIAC Tullow and Heritage talking about a rig share

[xxnjr] 17/6/2024 09:17

Rig for KOS/EG just left Ghana waters.

From tanker movements Jubilee production currently looks 90K (or even less) which is pretty bad considering it was supposed to be over 100K and had 15 wells drilled into it over last few years. The 3 producers drilled this year appear to have added slightly more than zilch on a sustained basis. Apparently no new JUB drilling for at least 12 months. A 4D seismic is in the planning stage (shoot that 1st then drill?).

[xxnjr] 15/6/2024 19:12

I believe Sintana PEL 83 Mopane carry is "Through Production" which sounds kind of similar to Africa Oil carry on Venus.

[cashandcard] 13/6/2024 17:49

Fraserdean,GALP have said the structure is expected to host JV-estimated mean oil resources of 10billion, this was prior to drilling. They have since said 10billion is now minimum resource. They are planning East West appraisals at Mopane as part of the 4 well campaign coming towards year end, to firm these numbers up. What we know thus far is the results are on the upperside of expectations.Cash

[fraserdean] 13/6/2024 16:50

I have a feeling Upstream is not getting information from Galp.

Tucker at AOC was also very dismissive of being able to prove up 10 Bn bbl with 2 wells, tbh it would usually take more drilling than that but we shall see. I'm not sure Total publicly talking it up or down makes any difference to the value of what is proven or not in the data room.

[cashandcard] 13/6/2024 12:41

It's GALP doing the talking. They have said the structure is a minimum 10billion barrels OIP - and further appraisal is being planned to confirm that later this year and 2025.Here's the thing, it would of course make sense for Sintana to talk it up, they are a minnow who won the lottery. But it would also make sense for the majors locally to talk it down as they are likely to be contenders looking for a peice of the action.What we know, two wells were drilled - both achieved targets, exceeded expectations and confirmed main reservior stepout some 8km away. They found 3 reserviors, not the two expected. The extent of these needs to be assessed. Most importantly, the DST went like a freight train, 14,000bopd to the limits of the equipment.So far so good.Cash

[fraserdean] 13/6/2024 10:43

Methinks Sintana has a strong interest in talking it up...
Someone will have to buy them out or fund them one way or another, no way they can raise the cash themselves.
Old chuckles at Total was very dismissive of Galp giving out a 10 Bn bbl figure after only two wells but we shall see.

[cashandcard] 12/6/2024 22:36

Yes indeed.From Upstream;"The battle to buy a big part of Galp Energia's mighty Mopane oil and gas discovery offshore Namibia is hotting up, with all the big beasts of the Western upstream world said to be assessing options. At stake is entry into a discovery that Upstream has been told recently may hold substantially more in-place resources than even the 10 billion barrels of oil equivalent revealed by the operator in April. Adding to the intrigue is speculation that a minority partner in Galp's sought-after acreage may also be open to offers.Mopane was discovered in January in Petroleum Exploration Licence 83, located just west of BW Energy's Kudu gas discovery. An appraisal well was drilled quickly, before Galp returned to Mopane-1X to carry out a production test that flowed at an impressive rate of 14,000 barrels of oil equivalent per day. Good news about the reservoir characteristics came thick and fast, with the operator reporting good porosities, high pressures, high permeabilities and large hydrocarbon columns, with fluid samples indicating very low oil viscosity with minimal impurities.As a result, when Galp said it was open to offloading half of its 80% stake in PEL 83, it lit the touchpaper for what is set to be one of the most competitive farm-in opportunities of recent years. Last month, Bloomberg reported that offers are due to be submitted in mid-June, with ExxonMobil, Shell, TotalEnergies and Equinor among the potential bidders for a discovery valued at about $20 billion. However, in recent weeks, some other serious contenders are believed to have shown their colours, including Chevron, Azule Energy, Woodside Energy - all existing Orange basin players - as well as Brazil's Petrobras.""Woodside is also said to be interested, because Galp's acreage is located directly south of PEL 87 over which the Australian player has still not exercised a farm-in option. Exploration sources spoken to by Upstream said that some companies wanting to visit Galp's data rooms are unlikely to submit bids because they are more interested in gleaning geological and geophysical information on Mopane that could inform their own exploration initiatives in the Orange basin.""Galp's two Mopane probes, 1X and 2X, intercepted three distinct reservoirs, only one of which was tested, with the Lisbon-based player reluctant to say whether the 10 billion boe resource figure applies to all the reservoirs or not. However, Upstream was advised recently by a source with knowledge of the drilling programme that the resource estimate applies only to the main AVO 1 reservoir found at both well locations. The AVO 2 and AVO 3 reservoirs are said to be "independent discoveries that will require further appraisal to establish their size". AVO 1 is believed to extend "far beyond" the Mopane 1X and 2X locations, with some of Galp's exploration team understood to be talking about resources of 12 billion boe for this reservoir. The informed source said the operator was, until recently, carrying internal resource estimates for AVO 2 and AVO 3 of at least 1 billion boe each."It's crazy stuff," remarked the well-watcher, who added that the "most exciting part is Galp clearly has the amplitude variations absolutely nailed on in calibration". Another exploration source cautioned that Mopane may have more gas than originally thought which could complicate any development and potentially jeopardise plans for a fast-track project. Asked about the PEL 83 farm-out process, a Galp spokesperson declined to comment, while Custos could not be reached for comment. Chevron, Eni, Petrobras, Shell and TotalEnergies also declined to comment. Azule, Equinor, ExxonMobil and Woodside had not responded to Upstream inquiries by the time of publishing."

[xxnjr] 12/6/2024 18:53

Apparently some chatter to Upstream from people who might be in a position to know, that Mopane may be even larger than currently thought.

[xxnjr] 24/5/2024 12:11

upstream "TotalEnergies ready to start drilling Africa exploration well targeting billion-barrel prospect. Semi-submersible has arrived on location offshore Congo-Brazzaville....."

Sintana up again.

[xxnjr] 21/5/2024 20:56

Thx both.
(was wondering why Sintana was up 22%!)

[cashandcard] 21/5/2024 19:57

Big move at Sintana Energy today. BNN article - bidders preparing to make first round of bids in Mid June for 40% of GALPs Mopane oilfield block. Companies named include Exxon Shell Total and Equinor.Cash

[fraserdean] 21/5/2024 14:56

Think there's an exploration well and infill drilling going on.