Kosmos Energy Ltd.

Kosmos Energy Ltd. announced today the pricing of a previously announced underwritten public offering of 15 million of its common shares , all of which were offered by funds affiliated with Warburg Pincus LLC . The price to the public was $5.43 per share. The Selling Shareholder has granted the underwriter an option to purchase up to an additional 2.25 million common shares on the same terms and conditions, exercisable [...]

Kosmos Energy Ltd. announced today that funds affiliated with Warburg Pincus LLC , have agreed to sell an aggregate of 15 million of Kosmos’s common shares in a registered underwritten public offering . The Selling Shareholder expects to grant the underwriter an option to purchase up to an additional 2.25 million common shares on the same terms and conditions, exercisable within 30 days. Kosmos will not receive any [...]

Kosmos Energy Ltd. announced today financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss of $63.4 million or $0.16 per diluted share in the same period last year. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of [...]

Kosmos Energy announced today the following schedule for its third quarter 2018 results: Earnings Release: Monday, November 5, 2018, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, November 5, 2018, at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: U.S. / Canada [...]

Kosmos Energy announced today that it has completed drilling the Pontoenoe-1 exploration well in Block 42 offshore Suriname. Pontoenoe-1 was designed to test late Cretaceous reservoirs in a stratigraphic trap charged from oil mature Albian and Cenomanian-Turonian source kitchens. The well was located offshore Suriname approximately 280 kilometers northwest of Paramaribo in approximately 2,497 meters of water and has been [...]

Kosmos Energy announced today that it has completed the previously announced acquisition of Deep Gulf Energy 1, a leading deepwater company operating in the Gulf of Mexico. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive assets and a strong record of growing production and reserves through infrastructure-led exploration. This immediately accretive [...]

STAMFORD, Connecticut, HOUSTON and LONDON, Aug. 6, 2018 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on energy, today announced an agreement to sell the Deep Gulf Energy companies , a deepwater oil and gas exploration and development business operating in the Gulf of Mexico, to Kosmos Energy for a total consideration of $1.225 billion, subject to post-closing [...]

Kosmos Energy announced today that the company has entered into an agreement to acquire Deep Gulf Energy 1, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225 billion, subject to certain adjustments. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive assets and a strong [...]

Kosmos Energy Ltd. announced today financial and operating results for the second quarter of 2018. For the second quarter of 2018, the Company generated a net loss of $103.3 million, or $0.26 per diluted share as compared to net loss of $8.5 million or $0.02 per diluted share in the same period last year. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss [...]

Kosmos Energy announced today an amendment and restatement of its corporate revolving credit facility. Three significant objectives were achieved: Borrowing capacity remains at $400 million Date of maturity has been extended by approximately three and one-half years to May 31, 2022, and Facility costs have been lowered from LIBOR plus a six percent margin to LIBOR plus a five percent margin “The amendment and [...]