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:
Latest Stories
-
We’ll not engage in opaque and obscure deals when elected – Prof Opoku-Agyemang
21 mins -
Energy and Finance Ministries must provide funding to fix energy challenges – IES
28 mins -
Reintroduce Fiscal Responsibility Act to tackle election budget overrun – Osafo Marfo
29 mins -
Prioritise transparency, avoid suppressing the truth – Opoku-Agyemang advises EC
35 mins -
In times of setbacks, I won’t say I was only the driver’s mate – Naana Jane assures Mahama
36 mins -
Joselyn Dumas opens up on why single mothers struggle to find partners
39 mins -
Three damaged ECG pylons result in power outage for 9 Shama communities
41 mins -
Dual citizens eligible for Chief Justice, Chief Director, other positions – Supreme Court rules
2 hours -
SIGA urges increased financial support for SOEs
2 hours -
Akufo-Addo vows to enhance Ghana’s power supply
2 hours -
19 steps for getting over even the most devastating breakup fast
5 hours -
8th Ghana CEO Summit launched with focus on AI transformation, economic diversification
5 hours -
Prof Opoku-Agyemang has not been given a fair appraisal – Ablakwa
5 hours -
Rainstorm wreaks havoc in Keta and Anloga districts, residents count their losses
5 hours -
Global Plastics Treaty negotiations begin in Ottawa as countries converge on phasing out problematic plastic uses
5 hours