Kosmos Energy Ltd. (KOS)

[LasNubes]

4th quarter numbers are out this morning and the report looks pretty good. Roughly 12% increase in production!
Conference Call at 11 am Eastern Time this morning.

[LasNubes]

Oil surpluses are the norm for January.
17 out of the last 20 years we have seen oil supply builds in January due to seasonal decreases in demand.

This glut usually flips to a deficit by the end of February.

Just an observation.

[LasNubes]

Jumped in here yesterday. 4th quarter numbers report one month from today.
Average share price $6.26

Let’s go Kosmos!

[Bigb3]

Looking good

[emdyal]

Hi buddy. Re. ERHC -Why do you think that nobody is suggesting that a possible reason Peter is not filing ERHE financials is because it would uncover the $millions that he and Offor are sucking from the company coffers ??
Not filing is one thing BUT filing a falsified document is criminal and time with Bubba !
Also they could be negotiating the sale of block 4 in the EEZ or sale of the JDZ and set it up to only benefit themselves and once again screw shareholders !!!

[lovemelongtime]

How’s it going buddy. Did you see this latest news?

[lovemelongtime]

Checking in with ya

[captainscotty]

#KOS: Kosmos Energy Provides Further Update on Greater Tortue Ahmeyim FPSO $5.63

https://www.kosmosenergy.com/

https://pbs.twimg.com/profile_images/2226982413/kosmos-twitter1__4__400x400.jpg









09/27/22 06:00 GMT
PDF Version
DALLAS--(BUSINESS WIRE)--Sept. 27, 2022-

Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) reported on September 15, 2022 that the floating production, storage and offloading vessel (“FPSO”) for the Greater Tortue Ahmeyim project (“GTA”) had drifted approximately 200 meters off the quayside following the impact of Typhoon Muifa.

Kosmos has been informed by BP, the operator of the GTA project, that the FPSO has been returned to the quayside of the COSCO shipyard in China.

Inspections conducted to date have not identified any significant damage. The forward plan is to complete all inspections and incorporate the findings into the remaining work scope prior to sailaway. Kosmos will give a further project update alongside its third quarter results in early November.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Management does not provide a reconciliation for forward looking non GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward looking non GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.








https://investors.kosmosenergy.com/news-releases/news-release-details/kosmos-energy-provides-further-update-greater-tortue-ahmeyim

[captainscotty]

https://www.kosmosenergy.com/KosmosSustainabilityReport_2021.pdf

[captainscotty]

https://twitter.com/kosmosenergy

[captainscotty]

#KOS: https://www.kosmosenergy.com/



https://www.stockscores.com/chart.asp?TickerSymbol=KOS&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[emdyal]

Lovemelongtime- What do you think the odds are that much of the back and forth banter is to take the focus away from Ntephe ? ie to keep him from being incarcerated at some point in the future ??

[emdyal]

LMLT -When is the focus going to be on Peter Ntephe ??

[jaxstraw]

Kosmos Energy to Host Second Quarter 2022 Results and Webcast on August 8, 2022

[lovemelongtime]

Thanks, you also. It’s been a long strange journey, hopefully we’ll make some money off this.

[emdyal]

As Jackie Gleason would have said "To the moon Alice" !!
Best of luck Lovemelongtime !!!

[lovemelongtime]

Drill ship in blk 6 has been there almost 3 months!

[emdyal]

No I just added 100 000 shares to see if the trade was going to execute from this particular broker.
However i will probably add on more aggressively very soon.!
Thanks again for relaying my post about the broker !

[lovemelongtime]

No worries. Did you pick up that 500,000 shares a few das ago?

[emdyal]

Thanks Lovemelongtime I just saw that. on the ERHC site. No reaction from the other posters so far but I thought it is a big deal since they had previously stated that there was "only one" broker in Canada that was doing trading in ERHE shares !
Thanks again !

[lovemelongtime]

Sure will do

[emdyal]

Hey Lovemelongtime could you post on the ERHE site that I just bought ERHC shares on Scotia I Ttrade !! ie ScotiaBank !!

[lovemelongtime]

Third time is the charm they say. Good luck to us!!!

[emdyal]

Hey good to see you tuned in and to hear from you ! 60 days is up this month on the 24 th . Take care and god bless everyone who has hung on this long !
Of course 60 days was just an estimate and there are many variables that could make it longer ! No doubt there is lots of deal making going on !

[lovemelongtime]

No worries we are all well aware of this. Should be hearing some results soon but as you said almost 2 months and not a peep.

[emdyal]

Any chance that someone would post the following info on the ERHC site ? - " drilling by shell in block 6 of the EEZ. . They have been drilling since April 25th and expected to take 60 days. June 24 will be 60 days . Things have been very quiet which is possibly good news."
https://investorshub.advfn.com/ERHC-Energy-Inc-ERHE-1909/

[emdyal]

Hmmm a nice recovery today !

[emdyal]

ERHC was up today. Up by pennies but at least up. !

[emdyal]

Any chance that Kosmos will benefit from the drilling by shell in block 6 of the EEZ. . They have been drilling since April 25th and expected to take 60 days. June 24 will be 60 days . Things have been very quiet which is possibly good news.

[emdyal]

Yeah the markets at large did get hit hard today !

[jaxstraw]

Some institution or fund just liquidated at market ...and looks like it is still going on this morning.
11%+ drop....wow.

[jaxstraw]

Holding up surprisingly well for a market down by nearly 2000pts the last few days

[lovemelongtime]

Are you back?

[emdyal]

2015 to Present Day – Continued Awards and Revived Exploration:

This is the most exciting period of exploration for the STP-EEZ, initiated by the award of Block 6 to Galp Energia in 2015, an agreement that included a 45% stake for Kosmos Energy, who earlier that year had farmed-in to Equator Explorations Block 12. Kosmos Energy then expanded its block licence footprint in 2017 by farming-in to Block 5, taking over the operatorship from Equator Exploration, followed a year later by their farm-in to Block 11, to take over all licence rights from ERHC. The latter agreement saw Kosmos partner with Galp Energia, with whom they already held a partnership in neighbouring Block 6. In 2018 Kosmos Energy completed its most recent activities by licensing, together with BP, Blocks 10 and 13 before the acquisition of extensive 3D seismic surveys with a focus over the eastern blocks.

Why São Tomé and Príncipe is a Hot Oil and Gas Exploration Area
The PGS MultiClient data library over the region now includes the 2D survey acquired for ExxonMobil in 1999, together with the later 2D seismic, gravity and magnetic surveys acquired by PGS in 2001 and 2005. These three surveys have recently been reprocessed as a coherent dataset to allow seamless interpretation. In addition, the PGS MultiClient library contains the well data from Ubabudo-1 together with the eight exploration wells and one appraisal well drilled in the JDZ waters.

The interpretation of these data along with industry feedback have indicated that there are four key reasons for the recent interest in the area.

[emdyal]

Page 15 of Kosmos 1QTR presentation.

Further De-leveraging Expected in FY22
~1.9x leverage at quarter end with further progress expected in near-term
Increasing
Production
Higher Oil Prices
Improving
Hedging Outlook
?
?
?
Reducing
Absolute Debt ?
Increased Debt Reduction Potential
Expect ~$550-600 million total debt reduction
in 2022 at current prices
• Free cash flow of $220 million in 1Q22
• Ghana pre-emption proceeds of ~$118
million received from Tullow in March
• Additional 2Q-4Q free cash flow at strip:
~$200+ million
• Shell exploration success (capped at $100
million.

[jaxstraw]

Why @DanielSLoeb1 is one of the world's best investors and his client letters are a must-read (1/3): "US oil and gas companies are particularly interesting; as a result of ill-conceived energy policies enacted by governments in most developed countries (including the US), both
(2/3) commodities will be in short supply relative to demand. The negative effects of these bungled policies were compounded by well-intentioned but disastrous ESG initiatives that together resulted in a dearth of new investments in the sector. These companies will largely
(3/3) These companies will largely return their cashflow to shareholders via debt pay downs, share repurchases, and cash dividends. In most cases, the companies we have invested in will return in excess of 20% of their market capitalizations annually for several years..."

[emdyal]

In a statement sent to the editors of Téla Nón, the National Petroleum Agency reports on the start of drilling operations for the oil well designated JACA in the exclusive economic zone of São Tomé and Príncipe.

Located in block 6, the Jaca well is the first to be drilled in the country’s exclusive economic zone.

The National Petroleum Agency says that the Maersk Voyager drillship, which is carrying out the drilling, entered Sao Tome’s territorial areas on 24 April.

«The Portuguese navy patrol vessel Zaire, which is on a maritime training mission for the São Tomé and Príncipe coast guard, accompanied the Maersk Voyager drillship to the location of the Jaca well», says the National Petroleum Agency.

The drilling operation of the Jaca well started on the 25th of April. «The drilling campaign started on April 5, 2022 and operations are taking place within normal limits», guarantees the National Petroleum Agency.

In the statement, the National Petroleum Agency cites the statements of Luís Gamboa, the newly appointed director general.

«The beginning of the drilling and exploration of the Jaca well marks an important stage because it will allow, for the first time, the collection of more accurate information about our ZEE », said the general manager Luís Gamboa.

The JACA well in block 6 is being explored by the consortium made up of Galp, Shell and the National Petroleum Agency on behalf of the São Tomé State.

According to Luís Gamboa, the consortium’s priority is «is the safe execution of Jaca operations to achieve well objectives and collect quality data for its assessment», reinforced.

Searching for oil in the exclusive economic zone of São Tomé and Príncipe through the drilling of the JACA well will take about 3 months.

Abel Veiga

The reader has access to the full content of the National Petroleum Agency communiqué –

[jaxstraw]

Shell Oil saw a record breaking 1st quarter report on Friday....beat estimates by about 10%.
It is reported ths was caused by the increased oil prices in the 1st quarter.
$KOS could be looking at blowout numbers Monday.

[emdyal]

Kosmos looking very good.

[emdyal]

The pre-salt layer is a diachronous series of geological formations on the continental shelves of extensional basins formed after the break-up of Gondwana, characterised by the deposition of thick layers of evaporites, mostly salt. Some of the petroleum that was generated from sediments in the pre-salt layer has not migrated upward to the post-salt layers above due to salt domes.[1] This is especially common off the coast of Africa and Brazil. Total pre-salt oil reserves are thought to be a significant fraction of the world's oil reserves.

[jaxstraw]

Is that PR 7 years old ??

[emdyal]

HOUSTON, TX--(Marketwired - Oct 20, 2015) - ERHC Energy Inc. (OTC PINK: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, announced today that it has reached an agreement with Kosmos Energy (NYSE: KOS), a leading independent oil and gas exploration and production company focused on frontier and emerging areas to transfer all ERHC's rights to Block 11 of the São Tomé and Principe Exclusive Economic Zone (EEZ) to Kosmos. The agreement has been approved by the National Petroleum Agency of Sao Tome & Principe ("ANP-STP") as required in the requisite Production Sharing Contract ("PSC") for EEZ Block 11.

"Given the difficult global environment for doing deals, particularly for deep-offshore assets in frontier areas, we are very pleased to have concluded the agreement with Kosmos," said ERHC President and CEO Peter Ntephe. "The agreement enables us to immediately monetize one of our offshore holdings while preserving a financial upside in the event that exploration in Block 11 is successful."

ERHC retains 100 percent of the rights to EEZ Block 4 as well as the option to take up to a 15 percent working interest in each of two other unlicensed EEZ blocks of its choice. ERHC and the ANP-STP have agreed in principle to terms of a PSC for Block 4. In Kenya, ERHC holds a 35 percent interest in Block 11A, where the first exploration well is expected to be spudded toward the end of the first quarter of 2016. In Chad, ERHC is accepting tender proposals for a 2-D seismic acquisition program for Block BDS 2008.

ERHC also has interests across several oil blocks in the Nigeria -- São Tomé and Príncipe Joint Development Zone (JDZ).

[emdyal]

Is it correct that Kosmos is pumping 33000 barrels of crude a day from block 5 in the EEZ ?? TIA

[Zorro]

Maybe a gap tomorrow:)
MMs love running this up and down.

[jaxstraw]

God call on the 7......let's hope you are equally right about the 8 !!

[Zorro]

I think it breaks 7 tomorrow and makes a run for 8 again.

[jaxstraw]

Goldman’s Top 5 Shale Plays For 2022

KOSMOS is included with huge hitters ConocoPhillips,Pioneer, EOG, and Hess.



https://oilprice.com/Energy/Energy-General/Goldmans-Top-5-Shale-Plays-For-2022.html

[jaxstraw]

Nice print for $KOS
Size: 1135834
Price: 7.57
Amount: $8,598,263.38
Time: 1830

[jaxstraw]

Barclays Adjusts Kosmos Energy's Price Target to $11 From $6.50, Reiterates Overweight Rating
MT NEWSWIRES - 7:15 AM ET
07:15 AM EDT, 04/06/2022 (MT Newswires) -- Kosmos Energy (KOS) has an average rating of buy and price targets ranging from $4.95 to $11, according to analysts polled by Capital IQ.

[jaxstraw]

Goldman Sachs Believes Kosmos Energy (KOS) Still Has Room to Grow
April 05 2022 - 08:31AM

Goldman Sachs analyst Neil Mehta maintained a Buy rating on Kosmos Energy (KOS – Research Report) today and set a price target of $9.50. The company's shares closed last Monday at $8.01, close to its 52-week high of $8.10. According to TipRanks.com, Mehta is a 5-star analyst with an average return of 15.6% and a 66.2% success rate. Mehta covers the Utilities sector, focusing on stocks such as Southwestern Energy, Canadian Natural, and Antero Resources. Kosmos Energy has an analyst consensus of Strong Buy, with a price target consensus of $7.59, which is a -5.7% downside from current levels.
https://www.tipranks.com/news/blurbs/goldman-sachs-believes-kosmos-energy-kos-still-has-room-to-grow?utm_source=advfn.com&utm_medium=referral