Kosmos declares successful appraisal from off-coast well

Offshore appraisal well yields positive results
Offshore appraisal well yields positive results

Kosmos Energy, an oil and gas exploration and production company, announced its successful appraisal Wednesday of Ahmeyim and Guembeul gas off the coast of Mauritania and Senegal, which will result in higher gross resources.

The discovery was made due to the Ahmeyim-2 exploration and appraisal well, which drilled to 5,200 meters, and in the Lower Cenomanian and Albian, which increased from 50 square kilometers to 90 square kilometers.

In addition to the increase in field area, the well also found 256 feet of net gas pay within two reservoirs yielding high quality.

The Pmean gross resource has experienced increases from 11 Tcf to 15 Tcf, with the increased field area in the Cenomanian and Albian, while in the Greater Tortue Complex, the increase was from 17 Tcf to 20 Tcf.

The chairman and CEO of Kosmos, Andrew G. Inglis, spoke on the recent discoveries and their benefits.

"Our well-to-seismic calibration has again been proven, highlighting the reliability of this tool and increasing our confidence in its use for fully unlocking the basin, which we believe has significant potential for both oil and gas," Inglis said.

The company has collaborated with the government of Mauritania's Societe Mauritanienne Des Hydrocarbures et de Patrimoine Minier since 2012, with rights to execute explorations in certain areas.

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Kosmos Energy 8176 Park Ln Dallas, TX - 75231

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