Kosmos Energy announced today that Mr. Roy A. Franklin has joined its Board of Directors, effective June 9, 2021. Mr. Franklin is a senior executive with more than 45 years in the energy industry and extensive board experience in multiple companies both in the public and private sector. Mr. Franklin currently serves as Chairman of the international energy services group, John Wood Group PLC , and is also a member of the [...]
Kosmos Energy Ltd. announced today its financial and operating results for the first quarter of 2021. For the quarter, the Company generated a net loss of $91 million, or $0.22 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $33 million, or $0.08 per diluted share for the first quarter of 2021. FIRST QUARTER 2021 HIGHLIGHTS Net [...]
Kosmos Energy announced today that it has successfully completed the amendment and extension of its reserve based lending facility. As part of the amendment, Kosmos elected to lower the overall facility size from $1.5 billion to $1.25 billion to reduce reliance on the RBL facility and commitment costs following the successful completion of the Company's senior notes issuance in February 2021. The amendment includes a [...]
Kosmos Energy announced today the following schedule for its first quarter 2021 results: Earnings Release: Monday, May 10, 2021, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, May 10, 2021 at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-3982 [...]
Kosmos Energy announced today that Tim Nicholson has been promoted to Senior Vice President and Head of Exploration, and John Shinol has been promoted to SVP and Chief Geoscientist. Tim and John joined Kosmos in 2018 and have been integral to the company's infrastructure-led exploration efforts over that period, primarily in the U.S. Gulf of Mexico and Equatorial Guinea. Tim and John were both formerly at Cobalt [...]
Kosmos Energy Ltd. announced today the pricing of $450 million aggregate principal amount of its 7.500% senior notes due 2028. The offering was upsized by $50 million over the previously announced offering size of $400 million. The offering is expected to close on March 4, 2021, subject to customary closing conditions. Kosmos intends to use the net proceeds from the offering to repay outstanding indebtedness under its [...]
Kosmos Energy Ltd. announced today that, subject to market conditions, it intends to offer $400 million aggregate principal amount of senior notes due 2028. Kosmos intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility and commercial debt facilities and for general corporate purposes. The securities to be offered will not be registered under the Securities [...]
Kosmos Energy Ltd. announced today its financial and operating results for the fourth quarter of 2020. For the quarter, the Company generated a net income of $8 million, or $0.02 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $49 million or $0.12 per diluted share for the fourth quarter of 2020. FOURTH QUARTER 2020 HIGHLIGHTS Net [...]
Kosmos Energy announced today the following schedule for its fourth quarter 2020 results: Earnings Release: Monday, February 22, 2021, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, February 22, 2021 at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-3982 [...]
Kosmos Energy announced today an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration well . Winterfell was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approximately 26 meters of net oil pay in two intervals. Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer said: “We are pleased to have started the New [...]
Kosmos Energy today announced that it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij , a wholly-owned subsidiary of Royal Dutch Shell PLC , to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately $95 million, plus future contingent payments of up to $100 million. The transfer of interests in South Africa is expected to take place in 2021. Andrew G [...]
Kosmos Energy Ltd. announced today the financial and operating results for the third quarter of 2020. For the quarter, the Company generated a net loss of $37 million, or $0.09 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $50 million or $0.12 per diluted share for the third quarter of 2020. THIRD QUARTER 2020 HIGHLIGHTS Net [...]
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