BP’s west Africa partner Kosmos to list in London by end-September

The London Stock Exchange is seen during the morning rush hour in the City of London

Kosmos Energy, which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the London Stock Exchange by the end of September in a bid to attract more European investors, it said on Wednesday.

Kosmos, which has been listed in New York since 2011, announced a major gas find in partnership with BP off the coast of Senegal in May, boosting the area’s reputation as one of the world’s hotbeds for gas exploration.

The company also owns parts of licences to drill for oil offshore Suriname in South America close to where U.S. oil major Exxon Mobil and its partners recently decided to go ahead with a $4.4 billion oilfield megaproject.

Kosmos expects its London listing to attract more European investors seeking exposure to promising oil and gas exploration.

“There are a number of European investment funds and specialist international oil and gas investors that are currently unable to hold Kosmos’ shares due to their listing outside of a European regulated market,” the company said, explaining the rationale for its London secondary listing.

The process is expected to complete later in the third quarter, it said.

Kosmos estimates its licences offshore Senegal and Mauritania could hold more than 50 trillion cubic feet of gas resources and it continues to drill further.

“Kosmos offers exposure to an ongoing high-impact, three-well exploration campaign that could more than double its valuation – it is our favourite high-impact explorer,” said analysts at RBC Capital Markets who rate the stock as ‘outperform’.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

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Solar Power Brings Northern Mali Much Needed Light

Residents in Kidal in northern Mali are finding it easier to work and study into the night thanks to a solar lighting project recently introduced to the area.

About 1,500 households are now able to switch on their lights thanks to a 50,000 US dollar project funded by the U.N. Multidimensional Integrated Stabilisation Mission in Mali (MINUSMA).

The government has been trying to promote renewable energy technologies since 2007, hoping they will reach 15 percent of the total national energy supply by 2020.

“The families that have benefited from these kits are very happy, not only because they have left the darkness behind, but it has also helped people in many ways, especially in families where there are children, the kits have allowed children to study in the evenings and women to continue their activities at night,” said Assikaday Ag Wayerzagane, a chief in Kidal.

Mali’s government has not had a military presence in Kidal since clashes between the army and Tuareg rebels killed 50 soldiers there in 2014, making access to services like electricity difficult.

Mali, a landlocked desert nation and an important gold exporter, has suffered from endemic corruption and instability over the years, and more lately from multiple insurrections by Islamist groups in the north, as well as infighting between armed factions.

Most of the country’s electricity supply is produced by a shared dam on the River Senegal in Mali, which also provides power to three neighbouring countries, including Mauritania and Senegal.

The country remains one of the world’s poorest nations, with around half its population living on less than $1.25 a day, according to U.N. data.

That means most families cannot afford a solar energy kit – including solar panels, batteries and lights – which can cost as much as $1,000 upfront.

Local NGO AFORD or Association for Training, Research and Development, was selected to implement the 6-month long lighting project. Mohamed Aly Ag Albessaty, is the organization’s president.

“This project has distributed solar kits to populations in need to allow people to light their homes and it allows children to study at home now that they get electricity service in Kidal,” he said.

Many Malians complain about regular power cuts or live in remote parts that are not on the national grid.

National energy company, Energie du Mali (EDM) has begun to add solar power capacity to reduce its dependence on fossil fuels, which provide around half the West African nation’s power.

Aicha Abdoulaye a Kidal resident says solar lighting has also helped improve security in the area and improved their lives.

“We use it to charge our mobile telephones, before it was so difficult to charge our telephones. At night, we can also light up to see what we are doing until we go to sleep,” she said.

The government says the country is building two large-scale solar power plants to feed into the national grid, including one in the central region of Ségou which is slated to be West Africa’s first utility-scale solar plant, with a planned capacity of 33 megawatts able to cover 5 percent of Mali’s electricity needs.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
Email : africa@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.