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
-
Fire hits Monte Carlo at Tema Community 10
3 seconds -
Gender Ministry marks International Day of Families with call to tackle inequalities affecting children
28 minutes -
Lighthouse Chapel marks Bishop Dag Heward-Mills’ birthday with outreach to Winneba prison inmates
31 minutes -
KTU, Spanish High Commission launch ‘Seamstresses 2.0’ project to showcase Ghana-Spain fashion and culture
31 minutes -
FAO report warns of food safety risks linked to recycled plastics and alternative food packaging
34 minutes -
GUTA welcomes delay in revised container charges but pushes for full removal
36 minutes -
Xi takes Trump on tour of Communist Party’s seat of power in Beijing
38 minutes -
Ghana reaffirms commitment to families and child welfare on International Day of Families
38 minutes -
Brutal raid on woman’s birthday party highlights rise of Russian vigilante group
38 minutes -
US hotel owners expected a World Cup boom – so far it hasn’t happened
39 minutes -
Australia court doubles payout for trans woman in landmark discrimination case
39 minutes -
Trump brought top CEOs to Beijing but few big deals emerge
39 minutes -
Ejisu NPP executives clash over alleged interference in polling station elections
41 minutes -
UK borrowing costs rise and pound falls as leadership drama continues
46 minutes -
ASAC 2026: Medals, finals and all the actions of Day 3 through the lens
50 minutes