ERHC Energy Inc (ERHE)

[Nightdaytrader]

Kosmos Energy rig to arrive later this Quarter, drill 3 wells in Equatorial Guinea (see press release at bottom, earlier today)... That is good news. I don't know which prospects Kosmos will drill, but you'll recall, from Kosmos website and investor's presentation directly below (page 15 of 21), they had 1 prospect in block EG-24, that was on the STP EEZ Block 5 border...... and then just inside the STP EEZ block 5 border, another prospect... So both were side by side..


https://investors.kosmosenergy.com/static-files/3bd3f0ef-3129-415d-94b8-841eb6938eca




Equatorial Guinea

Production in Equatorial Guinea averaged approximately 30,200 bopd gross and 10,200 bopd net in the first quarter of 2021. As forecasted, Kosmos lifted 0.5 cargos from Equatorial Guinea during the quarter.

The Okume upgrade project is nearing completion, adding additional power, water injection and gas lift capacity necessary for further facilities de-bottlenecking and additional electrical submersible pumps (ESPs). In April, partners commenced the second phase of the planned ESP program and upgraded the G-19 flowline, which has significantly enhanced production from that well.

A rig has also been contracted for the upcoming infill drilling campaign, which is expected to arrive in country later this quarter to drill the three wells planned this year.


https://www.businesswire.com/news/home/20210509005036/en/Kosmos-Energy-Announces-First-Quarter-2021-Results