Yakaar-2 Appraisal Well Confirms World-scale Gas Resource Offshore Senegal
Kosmos Energy Ltd. Common Shares (DE) (KOS)
Last kosmos energy ltd. common shares (de) earnings: 2/24 02:00 am
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100 percent success rate of wells targeting the inboard Mauritania/Senegal gas trend. Yakaar-2 was drilled approximately nine kilometers from Yakaar-1 and proved up the southern extension of the field.The results of the Yakaar-2 well underpin our view that the Yakaar-Teranga resource base is world-scale and has the potential to support an LNG project that provides significant volumes of natural gas to both domestic and export markets. Development of Yakaar-Teranga is expected in a phased approach with Phase 1 providing domestic gas and data to optimize the development of future phases. It will also support the country’s “Plan Emergent Senegal” launched by the President of Senegal in 2014.Commenting on the results of the Yakaar-2 wel
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