Kosmos Energy $($Kosmos$)$ was founded in $2003$ by a small group of oil and gas industry veterans backed by private equity capital. The company's original plan was to explore oil along the West African coast. If a commercial discovery was made, Kosmos would sell the asset to an exploration and production $($E & P$)$ firm.In $2007,$ Kosmos and its partners announced a major discovery in deepwater offshore Ghana. Three years later in December $2010,$ Kosmos was at a crossroads.First oil from Ghana discovery, now called "Jubilee", was delivered in November $2010.$ Earlier in the year, a sales agreement with ExxonMobil for Kosmos' interest in Ghana was terminated. Kosmos now had to decide on its corporate future and its presence in Ghana. Should the company remain a pure "Exploration" company or expand its operations into an E&P firm? Should Kosmos retain its financial interest in Jubilee's development?Integral to the above strategies relates to how the company could either raise capital for or reap capital from the Jubilee field.This case focuses on corporate strategies and what path Kosmos should employ. What's next for Kosmos taking into consideration their initial entry into the Ghanaian oil and gas exploration initiative$\mathrm{.}1.$ If your group were to advise Kosmos concerning their stake in the Jubilee's oil development, what would you recommend to its management for the future: oSell Jubilee? oBecome a full$-$fledged E&P company? oSell the company? Answer this question With explanation and has to be in long paraghraps