Kosmos Energy (KOS) has an average rating of overweight and mean price target of $3.12, according to analysts polled by FactSet.
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Gran Tierra Energy (GTE.L) fulfilled all remaining conditions under its deal with Ecopetrol to acquire a 49% working interest in the Tisquirama block in Colombia's Middle Magdalena Valley Basin.The energy company said Wednesday it initially plans to expand waterflood operations from its Acordionero field into the adjoining fields as part of the first phase development, followed by wellbore optimization and infill drilling.The initial phase requires at least $15 million of gross capital expenditures and implementation of continuous water injection, which is estimated to be completed in the first quarter of 2027.
(Updates with more details)BP's (BP.L) ousted Chairman Albert Manifold plans to challenge his termination, claiming he was removed without prior warning or explanation, Bloomberg News reported Wednesday, citing an emailed statement from Manifold."I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged," Manifold reportedly said.People close to BP told Bloomberg that complaints against Manifold included allegations of aggressive behavior toward employees, mishandling sensitive information and attempts to bypass the board.Meanwhile, a same-day BBC report said allegations of "bullying" and "overbearing" behavior were among the factors behind Manifold's removal.The British oil giant's board on Tuesday decided unanimously to terminate Manifold's employment as chair, citing concerns "related to important governance standards, oversight and conduct."BP did not immediately respond to a request for comment from.
Gran Tierra Energy (GTE) said Wednesday that it has finalized all conditions tied to its previously announced agreement with Ecopetrol (EC) to acquire a 49% working interest in Colombia's Tisquirama block, expanding its footprint in the Middle Magdalena Valley Basin.The block includes the Tisquirama and San Roque fields, which produced about 2,500 barrels of oil equivalent per day on a gross basis in 2025, it said.Gran Tierra added that the assets sit adjacent to its operated Acordionero field and offer potential operational synergies due to similar geology and shared infrastructure.Under the agreement, Gran Tierra said it plans to initially focus on expanding waterflood operations from Acordionero into the Tisquirama fields, alongside well optimization and low-risk infill drilling. The company said it expects to complete Phase 1 of the project by Q1 of 2027 after investing at least $15 million in gross capital expenditures and implementing continuous water injection.Once Phase 1 is completed, Gran Tierra said it will receive 49% of both the fields' existing base production and incremental production.