On Monday, Shares of Kosmos Energy Ltd. (NYSE:KOS), surged 9.67% to $9.53.
Kosmos Energy, declared that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) has issued its order in response to the provisional measures requested by the Government of Côte d’Ivoire in its ongoing maritime boundary dispute with the Government of Ghana.
Importantly, ITLOS rejected the request that Ghana suspend all ongoing exploration and development operations in the disputed area in which the Tweneboa, Enyenra, and Ntomme (TEN) project is situated until ITLOS gives its decision on the maritime boundary dispute, which is predictable in late 2017. ITLOS ordered Ghana to suspend new drilling in the disputed area.
Kosmos is not a party to this arbitration process and will now await a decision by the Government of Ghana on how it will implement the provisional measures order. However, we fully expect TEN development activities will continue as planned.
The project is now more than 55 percent complete with all of the wells predictable to be online at first oil already drilled. First oil is predictable in the second half of 2016.
Andrew G. Inglis, chairman and chief executive officer, said: “We are happy the TEN project can continue, and we remain confident that the boundary, as it has been drawn and respected by both Ghana and Côte d’Ivoire for over four decades based on the principle of equidistance, is both factually and legally correct, and will ultimately be sustained in this arbitration. It is also important to note that the provisional measures granted do not affect the Jubilee field.”
Kosmos Energy Ltd. explores for and produces oil and gas in Africa, Europe, and South America. Its asset portfolio comprises production and other development projects in offshore Ghana, in addition to exploration licenses with hydrocarbon potential in offshore Ireland, Mauritania, Morocco, Senegal, and Suriname. The company was founded in 2003 and is based in Hamilton, Bermuda.
At the end of Monday’s trade, Shares of First Majestic Silver Corp. (NYSE:AG), jumped 5.20% to $5.06.
First Majestic Silver, declared that its unaudited 2015 first quarter financial results will be released on Thursday, May 7 , 2015.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico.
Zillow Group, Inc. (NASDAQ:Z), ended its last trade with 4.85% gain, and closed at $103.03.
Zillow-StreetEasy office in New York City was recognized as one of the 2015 Best Companies to Work for in New York State by the New York State Society for Human Resource Administration (NYS-SHRM), a statewide awards program that honors companies whose practices benefit New York’s businesses, economy, and workforce. Within the “large employers” category, Zillow-StreetEasy was 10th on the list of 34 nominated companies.
Located in the heart of Manhattan’s Flatiron neighborhood, the office is home to growing teams from StreetEasy and Zillow New York sales, industry relations and corporate services. The office has an open, fluid floor plan lined with tall windows allowing for plenty of natural light and multiple common areas, making it easy for impromptu partnership among teams. Employees enjoy personal motorized sit-stand desks, fresh produce and snacks delivered weekly, company-expensed MTA transit memberships, a monthly health and fitness allowance, in addition to weekly lunches catered from a rotating list of the city’s fabulous restaurants.
Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. It offers a portfolio of brands and products to assist people find vital information about homes, and connect with local professionals.
Finally, GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL), closed at $4.26, with 2.94% gain.
GOL Linhas, declared its 1Q15 Earnings Release Plan:
1Q15 Earnings Release, May 12, 2015 (after trading hours). The release will be accessible on our website www.voegol.com.br/ir.
In accordance with fair disclosure and corporate governance best practices, GOL starts its Quiet Period on April 28, and will end right away after the conference calls on May 13.
Gol Linhas Aéreas Inteligentes S.A. provides regular and non-regular air transportation services for passengers, cargoes, and mailbags in Brazil and internationally. It operates in two segments, Flight Transportation and Smiles Loyalty Program.
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