Audio By Carbonatix
Kosmos Energy Ltd says it has started a formal process to sell down its interest in the Mauritania-Senegal basin to around 10 percent and expects bids by the end of the summer.
The company said in February it had discovered a “significant and valuable resource” in Mauritania and Senegal.
The company said oil and gas revenue more than doubled for the three months ended March 31, to $296.8 million on higher production in Ghana.
On an adjusted basis, the company lost 6 cents per share, smaller than analysts’ estimates of a loss of 7 cents per share, according to IBES data from Refinitiv.
Quarterly production rose to 5.1 million barrels of oil equivalent, compared to 3.8 million barrels of oil equivalent a year earlier.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Boakyewaa Glover Writes: The Fight Within
43 seconds -
Sweet abroad, bitter at home: Ghana’s bittersweet cocoa contradiction — Kay Codjoe writes
10 minutes -
Kojo Oppong Nkrumah: Parliament must do the people’s business
19 minutes -
Woman arrested after setting fire at Alpha Hour founder Pastor Elvis Agyemang’s church auditorium
36 minutes -
Parliament holds public hearing on Security and Intelligence Agencies Bill
54 minutes -
Amansie Central Assembly denies creating ‘galamsey tax’, says practice dates back to 2008
54 minutes -
Today’s Front pages: Tuesday, February 10, 2026
2 hours -
NDC MPs have no right to demand annulment -Anthony Nukpenu on Ayawaso East primary
2 hours -
Ghana’s anti-corruption efforts fail to yield results as CPI score stagnates at 43
2 hours -
Portugal had over 40 staff in Qatar 2022 – GFA justifies expanded Black Stars Technical team
2 hours -
NHIA donates GH¢800k to Ghana Medical Trust Fund to support NCD patients
2 hours -
NDC begins nationwide membership registration today with new party register
3 hours -
NDC’s Ayawaso East vote-buying probe committee set to submit findings today
3 hours -
Ghana Medical Trust Fund assesses regional hospitals ahead of NCD care rollout
3 hours -
Offinso MP blames Mahama gov’t for cocoa sector challenges
3 hours