Kosmos Energy Ltd. (NYSE:KOS) Q3 2023 Earnings Call Transcript

Andrew Inglis: All right. I’ll sort of go back those in reverse order. As regards to Kosmos, we have no ongoing dialogue with the GRA, which is the Ghanaian Tax Authority regarding any tax issues. On TEN, the — I think the newspaper article talked about a $1.3 billion development, which would cover the full development of the next phase of the TEN POD. We would — our share would be 20% of that. And clearly, that spend would be forward spend through potentially ’24, ’25, et cetera. So — but we’re still waiting for progress with the Government of Ghana in terms of that spend. So we don’t yet have any firm timing for that. And then on the Yakaar Terganga, there was no consideration paid to BP.

Stella Cridge: That’s great. And so you mentioned you don’t have any ongoing dialogue with the government. Do you mean there is no tax claim anymore or the tax claim is still there, but there’s just been no discussion about it?

Andrew Inglis: We have no tax plan.

Stella Cridge: Right, okay. Was there any particular reason that was dropped, so…

Andrew Inglis: I don’t think there’s — no — with regard to our sales versus other parties, there was never a tax claim against…

Neal Shah: Never a dispute.

Andrew Inglis: Never a dispute.

Neal Shah: Every partnership is different. We’ve never had any formal dispute with the GRA. We obviously have ongoing discussions with them, but we don’t have any claims that we’re working through.

Operator: There are no further questions at this time. I’d like to bring the call to a close. Thanks to everyone joining today. You may disconnect your lines at this time, and thank you for your participation.