ADDED
The number of the registrant s Common Stock outstanding as of February 26, 2026 was 481,024,886 .
GoA field life coverage ratio The GoA field life coverage ratio is broadly defined, as (a) total PV-10 of the Gulf of America business unit using the Proved and Probable Reserves as set forth in the most recently delivered reserve report (b) outstanding principal amount of the GoA Term Loan as of such date.
GoA net leverage ratio The GoA net leverage ratio is broadly defined, as of any date of determination, the ratio of (a) total net debt of the Gulf of America business unit, as of such date to (b) EBITDAX of the Gulf of America business unit for the rolling period ending on such date (or in the case of any calculation of the total net leverage ratio on any date other than the last day of a rolling period, for the most recently ended rolling period for which financial statements are available).
GoA Term Loan Facility Senior Secured Term Loan Credit Agreement dated September 24, 2025 Greater Tortue Ahmeyim Ahmeyim and Guembeul discoveries.
Net Debt Total long-term debt less cash and cash equivalents and total restricted cash.
We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America.
We have a history of opening new hydrocarbon basins including the discovery of the Jubilee Field offshore Ghana in 2007 and the Greater Tortue Ahmeyim Field in 2015 (which includes the Ahmeyim and Guembeul discoveries offshore Mauritania and Senegal in 2015 and 2016, respectively).
Our business strategy has evolved to focus on enhancing production through infill drilling and well work, infrastructure-led exploration, as well as value-accretive acquisitions.
We are focused on increasing production, cash flows and reserves from our producing assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America as well as executing our appraisal and development efforts in the Gulf of America and advancing additional phases of the GTA development in Mauritania and Senegal.
In Ghana, we plan to maintain a consistent drilling program, bringing additional development wells online at the Jubilee Field in the near term, supported by high facility uptime and sustained water injection.
REMOVED
The number of the registrant s Common Stock outstanding as of February 20, 2025 was 477,904,652 .
Facility Facility agreement dated March 28, 2011 (as amended or as amended and restated from time to time).
Trap A configuration of rocks suitable for containing hydrocarbons and sealed by a relatively impermeable formation through which hydrocarbons will not migrate.
We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America (formerly the U.S.
In its relatively brief history, we have successfully opened two new hydrocarbon basins through the discovery of the Jubilee Field offshore Ghana in 2007 and the Greater Tortue Ahmeyim Field in 2015 (which includes the Ahmeyim and Guembeul discoveries offshore Mauritania and Senegal in 2015 and 2016, respectively).
Over the past few years, our business strategy has evolved to focus on enhancing production through infill drilling and well work, infrastructure-led exploration, as well as value-accretive acquisitions.
We are focused on increasing production, cash flows and reserves from our producing assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America as well as executing our appraisal and development efforts in the Gulf of America.
In Mauritania and Senegal, first gas from Phase 1 of the Greater Tortue Ahmeyim (GTA) development project was achieved in the fourth quarter of 2024 and first LNG from the floating LNG vessel in February 2025.
As we ramp up production from Phase 1, we are also focused on advancing additional phases of the GTA development, as well as advancing phased development concepts for the Yakaar and Teranga discoveries in Senegal.
In Ghana, we plan to continue drilling additional development wells at the Jubilee Field in the near term.