ERHC Energy Inc (ERHE)

[Nightdaytrader]

Kosmos Energy simply didn't have enough cash last year to survive oil price crisis and continue exploration.. It happened to a lot of companies, even large oil companies... Even the supermajors had to cut back for awhile... Now, Kosmos has shifted gears and this year, are increasing production in Ghana, Equatorial Guinea, and the Gulf of Mexico. AT least they have producing fields and can focus on that... Some companies don't have that..

In addition, a few years ago, they discovered, the 4th largest natural gas find in history, offshore Senegal/Mauritania. Over 100 TRILLION Cubic feet of natural gas.... Their partner, BP, is putting in place the infrastructure, to produce natural gas for the next 30+ years.... Convert 100 TRILLION cubic feet of natural gas to barrels of oil, and you'll see it's BILLIONs of barrels of oil equivalent...

Of course, Kosmos considers STP EEZ Block 5 as a continuation of the Equatorial Guinea basin.. Just draw a straight line from their blocks in Equatorial Guinea, West through STP EEZ Block 5, continuing West to STP EEZ Block 4. That is no coincidence...

In a couple of years, Kosmos might restart exploration... However, right now, that is no longer the focus...