Kosmos Energy Ltd. (“Kosmosâ€) (NYSE: KOS) announced today that, subject to market conditions, it intends to offer an additional $225 million aggregate principal amount of senior secured notes due 2021 in a private offering to eligible purchasers 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. Kosmos intends to use the net proceeds from t... [...]
Kosmos Energy (NYSE: KOS) announced today the following schedule for its first quarter 2015 results: Earnings Release: Monday, May 4, 2015, pre-market via Business Wire and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, May 4, 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. (“Kosmosâ€) (NYSE: KOS) announced today that the borrowing base under its reserves-based lending facility has remained unchanged at $1.5 billion following its lenders’ semi-annual redetermination process. For the first time, the borrowing base calculation includes value related to the Tweneboa, Enyenra and Ntomme (TEN) development project in Ghana, as well as the Jubilee field. Total undrawn availability on the reserves-based lending facility remains $1 billion as of March 31, 2015. “Growing reserves with healthy margins – even in a lower oil price environment &acir... [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Thomas P. Chambers, senior vice president and chief financial officer, will present at the Scotia Howard Weil 43rd Annual Energy Conference on Wednesday, March 25, 2015, at 10:20 a.m. CDT. There will not be a webcast of the presentation. Presentation materials will be available at the time of the event and can be accessed on the Investors page of Kosmos [...]
Kosmos Energy (NYSE: KOS) announced today that the CB-1 exploration well located in the Cap Boujdour permit area offshore Western Sahara encountered hydrocarbons. The well penetrated approximately 14 meters of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon bearing interval of approximately 500 meters. The discovery is non-commercial, and the well will be plugged and abandoned. Andrew G [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today financial and operating results for the fourth quarter and full year 2014. For the fourth quarter of 2014, the Company generated net income of $129 million, or $0.33 per diluted share. For the full year 2014, the Company reported net income of $279 million or $0.72 per diluted share. Excluding the impact of unrealized commodity derivatives, the Company generated [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Andrew G. Inglis, chairman and chief executive officer, will present at the Credit Suisse 20th Annual Energy Summit on Wednesday, February 25, 2015, at 8:05 a.m. MST. The presentation materials will be available on the Investors page of Kosmos’ website at www.kosmosenergy.com. A replay of the webcast will be available on the website for approximately 90 days [...]
Kosmos Energy (NYSE: KOS) announced today that it has entered into a farm-out agreement with Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corp. (NYSE: CVX), covering the C8, C12 and C13 contract areas offshore Mauritania. Under the terms of the agreement, Chevron will acquire a 30 percent non-operated working interest in each of the C8, C12 and C13 contract areas in exchange for paying a [...]
Kosmos Energy (NYSE: KOS) announced today the following schedule for its fourth quarter and full year 2014 results: Earnings Release: Monday, February 23, 2015, before the stock market open via Business Wire and the company’s website at www.kosmosenergy.com. Conference Call: Monday, February 23, 2015, at 11:00 a.m. EST. The call will be available via telephone and webcast. ...
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today financial and operating results for the third quarter of 2014, which included net income of $19 million, or $0.05 per basic and diluted share compared with a net loss of $44 million, or $0.12 per basic and diluted share in the same quarter last year. Andrew G. Inglis, chairman and chief executive officer, said: “In the third quarter, we continued to deliver [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that Thomas P. Chambers will join the company as senior vice president and chief financial officer effective November 5, 2014. Greg Dunlevy, who has served as executive vice president and chief financial officer since 2003, will retire from the company at the end of June 2015 as part of a mutually agreed succession plan. Mr. Dunlevy will serve in an advisory role [...]
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today the closing of the previously announced registered underwritten public offering of 15 million common shares (the “Offering”) from funds affiliated with The Blackstone Group L.P. and Warburg Pincus LLC (the “Selling Shareholders”). The underwriter of the Offering was granted an option, exercisable within 30 days, to purchase up to an additional 2.25 million common [...]
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