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Stock impact report

Beacon Sells Non-Operated Assets in US Gulf of Mexico [Yahoo! Finance]

Kosmos Energy Ltd. Common Shares (DE) (KOS) 
Last kosmos energy ltd. common shares (de) earnings: 2/24 02:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
fields on the United States side of the Gulf of Mexico (GOM) to GOM 1 Holdings Inc., Beacon said. “The divestment includes Beacon's 18.7 percent interest in the Buckskin producing field, 17 percent interest in the Leon development, 16.15 percent interest in the Castile development, 0.5 percent interest in the Salamanca FPS/lateral infrastructure, and 32.83 percent interest in the Sicily discovery”, the Houston City, Texas-based exploration and production company said in a press release. The deepwater assets, whose sale value was not disclosed in the announcement, sit in Keathley Canyon. Meanwhile Beacon's operated Shenandoah and Winterfell fields sit in the U.S. GOM deepwater areas of Walker Ridge and Green Canyon respectively. Both border Keathley Canyon to the east. “The transaction demonstrates the value Beacon has created for its shareholders through the efficient development of high margin fields in the deepwater Gulf of Mexico and the timely monetization of these assets”, Show less Read more
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