Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today two developments that together strengthen the company’s liquidity and better position Kosmos for continued success in a lower commodity price environment. In addition, the company provided an update on its exploration drilling program. Financial Update Kosmos announced today that the borrowing base under its reserves-based lending facility remains [...]
The Dallas Museum of Art (DMA) today announced that Kosmos Energy has been named the Presenting Sponsor of the Keir Collection of Islamic Art for its inaugural years of exhibitions and installations. The partnership between the Museum and the Dallas-based international oil and gas exploration and production company will provide $800,000 of support for the Museum’s forthcoming series of special exhibitions [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Andrew G. Inglis, chairman and chief executive officer, will present at the Barclays CEO Energy-Power Conference on September 8, 2015, at 4:25 p.m. EDT. The presentation materials and a live webcast of the event will be available on the investors page of Kosmos’ website at www.kosmosenergy.com. A replay of the webcast will be available on the [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today financial and operating results for the second quarter of 2015, which included a net loss of $75.2 million, or $0.20 per diluted share, as compared to net income of $56.5 million, or $0.15 per diluted share in the same quarter last year. When adjusted for certain items that impact the comparability of results, including non-cash changes in the fair [...]
Kosmos Energy (NYSE: KOS) announced today the following schedule for its second quarter 2015 results: Earnings Release: Monday, August 3, 2015, pre-market via Business Wire and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, August 3, 2015, at 11:00 a.m. EDT. The call will be available via telephone and webcast. Dial-in telephone numbers: U.S. / Canada: +1.877.407.3982 International [...]
Kosmos Energy Ltd. ( €œKosmos €) (NYSE: KOS) announced today an amendment and restatement of its corporate revolving credit facility. Three significant changes have been made: Borrowing capacity has been increased to $400 million, up from $300 million Date of maturity has been extended by three years to November 2018, and Commitment fees have been lowered to 30% of the margin. Combined with its $1.5 [...]
Kosmos Energy (NYSE: KOS) announced today the publication of its third annual Corporate Responsibility Report. The report reviews the company €™s safety, environmental, and social performance and illustrates Kosmos €™ commitment to transparency and its dedication to operating in accordance with its Business Principles. €œAt Kosmos, we recognize that delivering lasting benefits to local [...]
Kosmos Energy (NYSE: KOS) announced today that the Tortue-1 exploration well in Block C8 offshore Mauritania has encountered additional hydrocarbons while drilling to total depth to evaluate the deeper Albian stratigraphy. Based on the preliminary analysis of drilling results, Tortue-1 has intersected approximately 10 meters (32 feet) of net hydrocarbon pay in the lower Albian section, which is currently interpreted to be [...]
Kosmos Energy Ltd. ( Kosmos ) (NYSE: KOS) announced today financial and operating results for the first quarter of 2015, which included a net loss of $78.9 million, or $0.21 per diluted share, as compared to net income of $75.0 million, or $0.19 per diluted share in the same quarter last year. Adjusting for the impact of realized and unrealized commodity derivatives, the Company generated a net loss of $66.6 million or [...]
Kosmos Energy (NYSE: KOS) announced today that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) has issued its order in response to the provisional measures requested by the Government of Côte d ™Ivoire in its ongoing maritime boundary dispute with the Government of Ghana. Importantly, ITLOS rejected the request that Ghana suspend all ongoing exploration and development [...]
Kosmos Energy (NYSE: KOS) announced today that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania has made a significant, play-opening gas discovery. Based on the preliminary analysis of drilling results and intermediate logging to a depth of 4,630 meters, Tortue-1 has intersected 107 meters (351 feet) of net hydrocarbon [...]
Kosmos Energy Ltd. (“Kosmosâ€) (NYSE: KOS) announced today the pricing of its previously announced private offering to eligible purchasers of an additional $225 million aggregate principal amount of 7.875% senior secured notes due 2021 as a non-fungible add-on to the existing $300 million aggregate principal amount of such notes currently outstanding (the “existing notesâ€). The notes will have identical terms as the existing notes, other than the date of issue, the initial price, the first interest payment date and the first date from which interest will accrue. The net proceeds from the offering,... [...]
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