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 [...]
Kosmos Energy announced today that it has successfully completed the re-determination of its reserve based lending credit facility . During the September re-determination, the Company’s lending syndicate approved a borrowing base capacity of $1.32 billion, a reduction of $130 million from the previous drawn amount of $1.45 billion. The reduction in borrowing base capacity is primarily the result of lower oil price [...]
Kosmos Energy announced today the following schedule for its third quarter 2020 results: Earnings Release: Monday, November 9, 2020, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, November 9, 2020 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 it has closed a Gulf of Mexico facility with Beal Bank USA and Trafigura Trading LLC . Kosmos has restructured its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the Company’s U.S. Gulf of Mexico assets. The $50 million advanced under the prepayment agreement with Trafigura announced in June has been rolled into [...]
Kosmos Energy has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij , a wholly-owned subsidiary of Royal Dutch Shell PLC , to farm down interests in a portfolio of frontier exploration assets for approximately $100 million, plus future contingent payments of up to $100 million. Under the terms of the agreement, Shell will acquire Kosmos’ participating interest in blocks offshore São Tomé & Príncipe [...]
+53,93 %
-28,57 %
