Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Kosmos Energy sees return to drilling at Ghana's TEN project in early 2018

Published 11/06/2017, 02:18 PM
© Reuters.  Kosmos Energy sees return to drilling at Ghana's TEN project in early 2018
TLW
-
APC
-
KOS
-
TUWOY
-
  • Kosmos Energy (KOS +5%) surges near a two-year high after reporting in-line Q3 earnings and revenue that more than doubled from a year ago.
  • KOS said in today's earnings conference call that it expects to resume development drilling on the multi-billion dollar TEN deepwater oil and gas project in Ghana early next year rather than near the end of 2017 as previously expected, and is working with its partners to bring a second rig into the country in 2018.
  • KOS says Q3 gross sales volumes from Ghana averaged ~160K bbl/day of oil, including respective volumes from the Jubilee and TEN fields of 100K bbl/day and 60K bbl/day.
  • Tullow Oil (LON:TLW) (OTCPK:TUWLF, OTCPK:TUWOY), Anadarko Petroleum (APC +3.7%), PetroSA and Ghana's state-owned oil company also have stakes in the TEN project.
  • Now read: Anadarko Petroleum Corporation 2017 Q3 - Results - Earnings Call Slides


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.