It has been suggested that oil exploration firm Kosmos Energy could be seeking more value for its stake in the Jubilee Field. The company announced yesterday it has terminated an earlier agreement to sell its minority stake in the oil rich prospect to energy giant, ExxonMobil for some 4 billion dollars. It follows protracted wrangling and high-level diplomatic maneuvering between Kosmos and ExxonMobil on one hand and government which insists the Ghana National Petroleum Company should be considered as a buyer. A terse statement from the company does not give reasons for the termination but Financial Consultant, Sydney Casely-Hayford says Kosmos may just be re-evaluating its decision in the hope that it would get more for its stake. “This Jubilee field has grown. It has grown since the last time we saw it. There is the owo oil field which has just been discovered and that even expands the jubilee field much larger. These are also being managed by the same partners. so everybody is trying to make a lot of money if the hang in there.” “…Kosmos might have made a business decision. Why sell now when they can get more; if they discover more and they can leverage in that value. "GNPC is in this league with some big people. They are playing with the big boys and have to be very careful and strategic as to whether they can ran along,” he tells Joy Business. He adds that this does not mean that ExxonMobil has lost interest in the Jubilee Field or the country’s crude oil reserves. Source: Joy Business/Myjoyonline.com/Ghana