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News Breaks | | | | December 19, 2012 | | 06:50 EDT |  | KOS | Kosmos provides operational update in Ghana, Cameroon
Jubilee field production is currently in excess of 105,000 barrels of oil per day. Significant production growth has resulted from additional acid stimulation operations performed on some of the Phase 1 wells, as well as the startup of the Jubilee Phase 1A development plan. Two additional acid stimulation operations on Jubilee Phase 1 production wells have been recently performed, at a gross cost of approximately $8M per well. Final preparations to begin drilling at the Sipo-1 prospect, located on the Ndian River Block, onshore Cameroon, are underway. The drilling rig is currently being assembled on location, with plans to initiate drilling around the end of 2012 and results expected in the first quarter of 2013. | |
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News For KOS From The Last 14 Days Check below for free stories on KOS the last two weeks. |
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| May 21, 2013 | | 11:38 EDT |  | KOS | High option volume stocks: KOS MWE HGG SOL MDT
| | | May 20, 2013 | | 19:01 EDT | | KOS | On The Fly: After Hours Movers
 Subscribe for More Information | | | 16:13 EDT | | KOS | Kosmos' Sipo-1 exploration shows well failed to encounter commercial reservoirs
Kosmos Energy announced results from the Sipo-1 exploration well onshore Cameroon. Drilled on the Ndian River Block in the Rio del Rey Basin, the well was targeting the Miocene Isongo Formation. The Sipo-1 well was located approximately 14 kilometers, 8 miles, onshore and was drilled to a total depth of 1,725 meters, 5,660 feet. Oil and gas shows evidenced during drilling indicated a working petroleum system; however, the well failed to encounter commercial reservoirs. Following the completion of drilling operations, including plugging and abandoning of the well, the drilling rig will be released. Full well assessment and the integration of drilling results into the Company’s geologic models is ongoing to determine forward exploration plans on Kosmos’ onshore Cameroon acreage position. Kosmos has now completed its drilling program commitment on the Ndian River Block. Kosmos holds a 100 percent participating interest in the Ndian River Block. Associated with the results of the well, the Company will record approximately $75 million to exploration expense in its second quarter 2013 results | | | May 14, 2013 | | 07:16 EDT |  | KOS | Citigroup to host a conference
2013 Global Energy & Utilities Conference is being held in Boston on May 14-16. | |
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