Exploration & Production | Quarterly / Earnings Reports | Production | Second Quarter (2Q) Update | Capital Markets | Private Equity Activity
Kosmos Energy Farming Out in Mauritania, Slight Production Increase
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Kosmos Energy Ltd. has announced financial and operating results for the second quarter of 2014, which included net income of $57 million, or $0.15 per basic and diluted share as compared with a net loss of $71 million, or $0.19 per basic and diluted share in the same quarter last year.
As previously disclosed, the current quarter’s results include a non-cash mark-to-market charge related to the company’s commodity derivatives and an internal restructuring charge.
Andrew G. Inglis, chairman and chief executive officer, said: "Second quarter results were underpinned by strong revenue and production from the Jubilee field. As a self-funded exploration company, our Ghana asset delivers multi-year growth in production, reserves and cash flow. This provides the financial foundation for our…
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