Block Contains Three Discovered Fields; CAMAC Energy Appointed as Operator HOUSTON, TX--(Marketwired - May 7, 2014) - CAMAC Energy Inc. ("CAMAC Energy") (NYSE MKT: CAK) has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshore Ghana, about 15-35 km off the coast of Ghana. The ESWT block size is 1,508 square kilometers (370,000 [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today financial and operating results for the first quarter of 2014, which included net income of $75 million, or $0.20 per basic share and $0.19 per diluted share as compared with $20 million, or $0.05 per basic and diluted share in the same quarter last year. The current quarter’s results include a benefit to income of $24 million related to the farm-down of a [...]
Kosmos Energy (NYSE: KOS) announced today the following schedule for its first quarter 2014 results: Earnings Release: Monday, May 5, 2014, pre-market via Business Wire and the company’s website at www.kosmosenergy.com. ...
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Andrew G. Inglis, chairman of the board and chief executive officer, will present at the Howard Weil 42nd Annual Energy Conference on Tuesday, March 25, 2014, at 2:15 p.m. EDT. The presentation materials will be available on the Investors page of Kosmos’ website at www.kosmosenergy.com. About Kosmos Energy Kosmos Energy is a leading independent oil and gas [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today financial and operating results for the fourth quarter and full year 2013. For the fourth quarter of 2013, the Company reported net income of $4 million, or $0.01 per basic and diluted share. For the full year 2013, the Company generated a net loss of $91 million or $0.24 per basic and diluted share. Total oil revenues in 2013 were $851 million on eight oil [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Brian F. Maxted, chief executive officer and chief exploration officer, will present at the Credit Suisse 19th Annual Energy Summit on Wednesday, February 12, 2014, at 1:00 p.m. EST. The presentation materials and a live webcast of the event will be available on the Investors page of Kosmos’ website at www.kosmosenergy.com. A replay of the webcast will be [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE:KOS) announced today an oil and gas reserve replacement ratio of 140% supported by increased oil reserves in the Jubilee field. Additionally, the company reported a 2014 capital spending plan of approximately $575 million. 2013 capital spend came in under budget at $425 million primarily related to the deferral of certain development and appraisal activities into 2014. As a result [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) will host a conference call and webcast on Monday, February 24, 2014, at 10:00 a.m. Central time (11:00 a.m. Eastern time) to review its fourth quarter and full-year 2013 results. The dial-in telephone number for the call is +1.877.407.3982. Callers outside the United States should dial +1.201.493.6780. A live webcast of the event can be accessed on the Investors page of the [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Tullow Oil plc (LSE: TLW), the operator of the Jubilee field, has provided a revised production forecast of 100,000 barrels of oil per day (Bopd) for the full year 2014. This rate allows for a potential two-week shutdown for regular maintenance at the Jubilee floating production, storage, and offloading vessel (FPSO). Based on the operator’s revised [...]
The board of directors of Kosmos Energy (NYSE: KOS) announced today that it has appointed Andrew (Andy) G. Inglis as chairman of the board and chief executive officer, effective March 1, 2014. Current CEO Brian F. Maxted, a founding partner of Kosmos, will serve in the role of chief exploration officer and continue to serve on the board. As previously announced and simultaneous to Inglis’ appointment, John Kemp III [...]
Kosmos Energy announced today that it has entered into a one well rig share agreement with BP plc and Maersk Drilling, a unit of A.P. Moller - Maersk Group, for the rig Maersk Discoverer. The rig is expected to commence drilling operations on the FA-1 exploration well in the Foum Assaka Offshore block in Morocco during the first half of 2014. Under the terms of the Agadir farm-out agreement with BP announced in October [...]
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