Thanks, and morning everyone. to Jamie and good afternoon
today. for I replaced job turn the agenda, veteran Tom like Kosmos I know done announced to of would as a last Neal, an who be over incredible He'll acknowledge many five years. you Tom's the CFO to Kosmos Before XX-year, has by retirement, was which already.
agenda, focus turning I'm So going areas. today's on to to three
First, for a Kosmos' the at third performance; financial and strategy; risk and plan integrating operational climate Second, into look XXXX. XXXX back
with Turning we targets made the incidents, of On progress to on we Kosmos XXXX, X we excellent exceeding Mauritania or safety, XX% Phase time no development free delivered around Financially, on our for approximately reported flow complete lost $XXX best-in-class Senegal, at year. cash its of performance. slide recordable in the In and all year-end. X, key delivered million Tortue forecast.
year row, reserve XXX%, quality on during asset year appraisal of exploration than succeeded. of drilled a demonstrating And five finally a seventh we’ve our our and reserves, the greater the base. the wells seven replacement reported In in
slides these more will I areas following in on the On detail. focus
safety, to the our to our license value operate. underpins fundamental slide of business X, Turning
than on with lost demonstrating Mexico possible. five see X.X was one can more XXXX Gulf as recordable Guinea drilled the company of with time in a wells the hours record It that in history, most no and safety or total. years the for is operator, active slide, was in million zero you man Equatorial of As year incidents
financial Slide and we key at our the around of in performance $XXX free on $XXX X experienced delivered focuses exceeding cash, operational million on generated Kosmos million, in target our shows we metrics. challenges Ghana. despite our XXXX
generation, Importantly, of third total attribute this the of is years, the million year three organic almost model. in flow cash strong business free last $XXX a consecutive demonstrating over key our
reduce right can see chart, we've hand debt. cash used As on flow you the to that free
and per our announced continued and quarters. paid prior result a dividend in the CapEx generation first has of inaugural with of strong per dividend X.X quarter ending share control, share to around consistent of $X.XX leverage cash morning, this XXXX We As fall, at $X.XX year out times. we
Turning of was to to the program our of results XXX net positive business at opportunities five resources which highlight with Total the we from seven results equivalent million came XXX barrels successful, the depth slide of million across Cosmos exploration three oil XX% different beginning drilling the year. oil around portfolio. equivalent, X, the barrels or units, drilled. the have targeted from appraisal wells was These
wells, in X and deepwater the Yakaar-X well, Senegal XXX% and hydrocarbon is well, Orca-X Mauritania largest rate a had discovery with the appraisal exploration XXXX. We success GTA the which and in
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to SPA The offtake the gas reserves, in space. for enabled BP signing Phase proved all Marketing Kosmos increasing reserve of was X XP with important and as an the finalized it book February Gas materially milestone our
scheme significant concept have the lowest from and capacity X.X development tons will the of deliver concept on the leverage with The X infrastructure BP cost progress per million Phases to near Phase shore competitive the with to the to increase highly made X finalizing For per in world. million a intensities carbon annum. and X annum location the XX goal one we LNG LNG with tons approximately
On Yakaar-X extension place. of the in up world the resource confirming the appraisal southern Yakaar-Teranga scale well field, proved the
resource. develop the We are partners with working to
applying power replacing by are with Senegal's plan natural Phase gas to an X domestic higher carbon diesel on supporting project We initial merge gas.
TCF Orca-X At resource of [ph] the XX materially well gas TCF Mauritanian gas exploration in the size the one to place. XX potential, of discovered around increasing Birallah,
well this underpin region. resource the in hub more Importantly, third LNG the than enough risk to a
year, to seventh Turning reserve our and XP in greater than slide replacement. replacement is highlighting of year quality to a evolution the consecutive announced years. eight recent This the than based of company assets. This reserve the of now XP XXX% look the greater Kosmos' which XP underlying to reserve XXX%
important from slide. this two takeaways are There
or reserves is single oil mid-cap best one production industry drive portfolio the equivalent a on means the ratio XP acquisitions First, around our when Ghana, the have geography Kosmos for XP With years, and of Ghana. in increasingly It over reserves grown longer of EG to XX% annually, success XXX XP Through in million since increased company. over in exploration reserves, diversity had diverse XX a and no on E&P reserves basis. barrels driving the XXXX a and performance. has is Kosmos and both we to significantly just at field our strategic the relies
bookings has to Second, a the overtime. and progress gas Mauritania with oil components in Mauritania much and Senegal, now Through developments naturally in line Kosmos balanced of the and and mix more reserve increase continued gas. Senegal,
always We into presentation, of impact of and issue integrating climate approach That wraps risk section governments, to It's played I'd stakeholders risks the like recognized humanity. by transition taking society want on has to well business, the climate move the support the today's the and up our know as we're our everyone, deliver energy to requires change now the defining as climate that XXXX. the sector. of and to private summary Kosmos civil and urgent actions its the strategy. change role next understand for to to our and presents investors the action time our goals. that power from
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cash of As free a million $XXX million at to pre-dividends XXXX. expect $XX flow $XXX result, we in Brent would
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everything cargos. done aspect full split current the the plan year mention XXXX the XX, to the is of like guidance don't the guidance into guidance timing we've slide covering in quarter past. slide one to have we the I on as Turning and would year, for but I on
[ph] Sen Jubilee X EG. We X expect total and from and X.X Ghana from in cargos XX from
presentation. That concludes today's
progressive well And opportunity into strong So XXXX with as Kosmos slide performed operations delivery. transition to cash safe for We're our integrating the Kosmos the in Paris strong by on year delivery. the for goals see and a achieving risk and like progress as energy climate role free we part strategy major of play finally, XXXX company solution. in companies a see cash be and summarize underpinned another of XX, to strategic a the flow
I to session Thank operator over call and now to like turn for questions. you the the open the to
