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Kosmos Spuds Second Mauritania Well; TEN Project on Track
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Kosmos Energy Ltd. reported financial and operating results for the third quarter of 2015, which included net income of $60.3 million, or $0.15 per diluted share, as compared to net income of $19.1 million, or $0.05 per diluted share in the same quarter last year. When adjusted for certain items that impact the comparability of results, the Company generated adjusted net income(1) of $7.4 million or $0.02 per diluted share for the third quarter of 2015.
Key Points: Kosmos spud its second exploration well offshore Mauritania, Marsouin-1, on August 28th and anticipates results later in the fourth quarter. During the quarter, gross sales volumes from the Jubilee field averaged approximately 93,000 barrels of oil per day (bopd). The Tweneboa, Enyenra and Ntomme (TEN) project, the second…- ✓ Full news archive — U.S., Canada & international coverage
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