Kosmos Energy (KOS) Tops Q1 EPS by 5c; Announces Significant Discovery at Teranga-1 Well
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Go back to Kosmos Energy (KOS) Tops Q1 EPS by 5c; Announces Significant Discovery at Teranga-1 Well
May 9, 2016 6:50 AM EDT
DALLAS--(BUSINESS WIRE)--
Kosmos Energy Ltd. (Kosmos) (NYSE: KOS) announced today financial and
operating results for the first quarter of 2016. For the first quarter
of 2016, the Company generated a net loss of $59.0 million,
or $0.15 per diluted share as compared to a net loss of $78.9 million or
$0.21 per share in the same period last year. When adjusted for certain
items that impact the comparability of results, the Company generated an
adjusted net loss(1) of $14.6 million or $0.04Â per diluted
share for the first quarter of 2016.
Highlights for the quarter ended March 31, 2016, include:
Maintained...
More
May 9, 2016 6:45 AM EDT
Extends 100 percent success rate offshore Mauritania and Senegal
DALLAS--(BUSINESS WIRE)--
Kosmos Energy (NYSE: KOS) announced today that its Teranga-1 exploration
well offshore Senegal has made a significant gas discovery.
Located in the Cayar Offshore Profond block approximately 65 kilometers
northwest of Dakar in nearly 1,800 meters of water, the Teranga-1 well
was drilled to a total depth of 4,485 meters. The well encountered 31
meters (102 feet) of net gas pay in good quality reservoir in the Lower
Cenomanian objective. Well results confirm that a prolific inboard gas
fairway extends approximately 200... More
