18th Jan 2022 14:32
Kosmos Energy Ltd - Texas-based deep water oil exploration and production company with assets in Ghana and the US - Completes the drilling of the Winterfell-2 well in the Green Canyon area of the US Gulf of Mexico. Kosmos holds a 16% working interest in the well. Kosmos says the well discovered approximately 40 metres of net oil pay in the first and second horizons with better oil saturation and porosity than pre-drill expectations. The exploration has also discovered an additional oil-bearing horizon in a deeper reservoir, Kosmos adds. The results of this appraisal well further define the resource potential in the Winterfell area, with the current estimate AT around 100 million barrels gross according to Kosmos.
Current stock price: 320.20 pence, down 1.8% on Tuesday afternoon in London
12-month change: up 57%
By Heather Rydings; [email protected]
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