ERHC Energy Inc (ERHE)

[Opus X]

With a quick perusal, I didn't see anything in the Kosmos 1QTR 10-Q concerning the EEZ Block Four.

https://seekingalpha.com/filing/5521679

One thing that I did see reinforces their decision to severely limit new frontier exploration. In 1QTR 2021 the line item, "Exploration Expenses" was $8,181,000 versus 1QTR 2020 of $44,605,000 or a decrease of $36,424,000 or over 80%. Their numbers were not great for the quarter but $36 million reduction improved them alot.

That will get your SVP of Exploration's resume out on the street.

Unless Kosmos considers EEZ a continuation of a basin (which they may very well do...) their frontier exploration is pretty well dead.

I see KOS as a company under severe financial stress until their gas finds start throwing off cash/oil prices rise significantly. My gut says that they are waiting for the right offer for EEZ block four or have the offer and are waiting for the right time for all the governments/companies to announce. IMO, they will get their pound of flesh. They need it.