Kosmos Energy (KOS) Tops Q1 EPS by 5c; Announces Significant Discovery at Teranga-1 Well
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Kosmos Energy Announces First Quarter Results
May 9, 2016 6:50 AM EDTDALLAS--(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 $0.04 per diluted share for the first quarter of 2016.
Highlights for the quarter ended March 31, 2016, include:
Maintained... MoreKosmos Energy Announces Significant Gas Discovery Offshore Senegal
May 9, 2016 6:45 AM EDTExtends 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
