Yes, the generic allusion to selective M&A and farm-ins in high-impact basins was made by Kosmos Energy. While no September 2025 investor presentation was found with this specific phrase, an earlier Q2 2025 earnings release on August 4, 2025, details the company's strategic financial approach, which is consistent with the type of generic statement described.
Key details from Kosmos's Q2 2025 report and subsequent updates include:
- Production and cash flow focus. Rather than emphasizing large acquisitions, the Q2 2025 report by CEO Andrew G. Inglis focused on operational efficiency, increasing production from existing assets, and strengthening the balance sheet to increase free cash flow.
- Disciplined growth. This strategy included reducing the capital budget for 2025 and delivering overhead reductions. The company's goal was to generate sustainable free cash flow that would allow it to reduce absolute debt and leverage.
- Balance sheet resilience. The focus on enhancing financial resilience was reiterated in an October 1, 2025, financial update. It noted that the company had secured additional liquidity and increased its oil hedging for 2026.
- History of acquisitions. The strategy of opportunistic deals and farm-ins is not new to Kosmos. In late 2024, it explored a potential merger with Tullow Oil, a fellow West Africa-focused producer, but did not proceed with an offer.
- Farm-in examples. In the past, Kosmos has focused its exploration on specific basins and used farm-ins as a means of gaining entry to projects. The strategy mentioned likely refers to these types of future potential agreements rather than a large, specific acquisition target.
United Oil & Gas, commented: “Securing the vessel agreement with TDI Brooks is a decisive move that takes United from preparation into execution. The piston coring and geochemical survey will deliver vital new data to confirm the presence of hydrocarbons and materially de-risk the Walton Morant Basin. With a short operational window and high regional demand for vessels, it was essential that we move now to secure capacity. This program represents a pivotal value catalyst for United, and we strongly anticipate it to strengthen our technical position, accelerate farm-out discussions, and demonstrate our commitment to driving tangible shareholder value through disciplined, timely execution.”
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