Kosmos Energy

Latest Kosmos Energy News

• Teak-4A well was targeting the stratigraphic extension of the Teak discovery area.

• Kosmos will be operator of the three blocks with a 90 percent interest.

• Strong evidence of static communication among the wells in the field and plan to continue working to affirm connectivity.

• Pressure data from the well demonstrates that the oil is in static communication with the other wells, indicating a continuous oil column of approximately 600 meters (1,970 feet).

• Good evidence of communication with the Owo-1 discovery wells and the Enyenra appraisal wells confirms the significant extent of the Enyenra light oil field.

• 2012 capital program is highly focused on furthering exploration program to identify and discover substantial new petroleum systems.
• Kosmos anticipates participating in at least four new exploration wells in 2012.

• Purchase price is estimated to be approximately $365 million.

• Kosmos Energy announce that the Ntomme-2A appraisal well, located in the Deepwater Tano Block offshore Ghana, has successfully encountered significant quantities of light oil.

• Kosmos Energy announce that the Teak-3A appraisal well has confirmed a northern extension of the Teak discovery on the West Cape Three Points Block offshore Ghana.
• 'The extension of the Teak discovery is a significant milestone in progressing the appraisal and delineation of this field.

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