Exploration & Production | Capital Markets | Private Equity Activity
Kosmos Energy Announces Second Quarter 2012 Results
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Kosmos Energy has reported financial and operating results for the second quarter of 2012, including a net loss attributable to common shareholders of $25 million, or $0.07 per basic and diluted share. This compares to a pro forma net loss for the second quarter of 2011 of $0.03 per basic and diluted share.
Highlights for the quarter ended June 30, 2012, include: Sold one Jubilee lifting, totaling 997,000 barrels of oil, at a realized price of $112.60 per barrel Enhanced productivity of two additional Phase 1 wells at Jubilee through the acid stimulation program Flow tested the Ntomme-2A well at more than 20,000 barrels of oil per day combined from multiple zones Captured significant new acreage offshore Mauritania, adding 6.7 million gross acres to the Company’s exploration…Finish this article — free account or subscription
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