Kosmos Energy announced today that it has successfully re-financed its reserve-based lending facility extending the maturity by approximately three years, with the RBL facility's final maturity now in December 2029. In conjunction with the spring re-determination, the total RBL facility size has been increased to $1.35 billion with current commitments of approximately $1.2 billion. Discussions with additional potential [...]
Kosmos Energy announced today the following schedule for its first quarter 2024 results: Earnings Release: Tuesday, May 07, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Tuesday, May 07, 2024, at 11:00 a.m. EDT. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy Ltd. , announced today that it has priced a private offering of $350 million aggregate principal amount of its 3.125% convertible senior notes due 2030 , which represents a $50 million increase in principal amount from the previously announced offering size. The Company also granted the initial purchasers an option to purchase up to an additional $50 million aggregate principal amount of notes, for [...]
Kosmos Energy Ltd. announced today that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of its convertible senior notes due 2030 in a private placement. The Company also expects to grant the initial purchasers an option to purchase up to an additional $45 million aggregate principal amount of notes, for settlement within a 13-day period beginning on, and including, the [...]
Kosmos Energy Ltd. announced today its financial and operating results for the fourth quarter of 2023. For the quarter, the Company generated a net income of $22 million, or $0.04 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $149 million, or $0.31 per diluted share for the fourth quarter of 2023. 2023 HIGHLIGHTS 4Q Net [...]
Kosmos Energy announced today the following schedule for its fourth quarter 2023 results: Earnings Release: Monday, February 26, 2024, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, February 26, 2024, at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy Ltd. announced today its financial and operating results for the third quarter of 2023. For the quarter, the Company generated a net income of $85 million, or $0.18 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $126 million, or $0.26 per diluted share for the third quarter of 2023. THIRD QUARTER 2023 HIGHLIGHTS Net [...]
Kosmos Energy Ltd. announced today that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP's exit from the field. Yakaar-Teranga is one of the world's largest gas discoveries in recent years and holds around 25 trillion cubic feet of advantaged gas [...]
Kosmos Energy announced today an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos is operator of the well and has a 33.34% working interest alongside Occidental and Equinor ASA . The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend, located in Keathley Canyon Block 964. The well encountered approximately 250 feet of net oil pay in the primary Wilcox [...]
Kosmos Energy announced today the following schedule for its third quarter 2023 results: Earnings Release: Monday, November 6, 2023, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, November 6, 2023, at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy Ltd. announced today its financial and operating results for the second quarter of 2023. For the quarter, the Company generated a net income of $23 million, or $0.05 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $27 million, or $0.06 per diluted share for the second quarter of 2023. SECOND QUARTER 2023 HIGHLIGHTS [...]
Kosmos Energy Ltd. alongside its joint venture partners Tullow Oil Plc , Ghana National Petroleum Corporation and Petro SA is pleased to announce the successful start-up of the Jubilee South East project, offshore Ghana. The first JSE production well has been brought onstream with a second JSE production well expected onstream this month. These two wells are expected to take Jubilee production to over 100,000 bopd gross [...]