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 [...]
Kosmos Energy announced today that Andrew G. Inglis, chairman and chief executive officer, will present at the Barclays CEO Energy-Power Conference on September 9, 2020, at 8:25 a.m. EDT. The presentation materials and a live webcast of the event will be available on the investors page of Kosmos’ website at investors.kosmosenergy.com. A replay of the webcast will be available on the website for approximately 90 days [...]
Kosmos Energy Ltd. announced today the financial and operating results for the second quarter of 2020. For the quarter, the Company generated a net loss of $199 million, or $0.49 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $95 million or $0.23 per diluted share for the second quarter of 2020. SECOND QUARTER 2020 HIGHLIGHTS Net [...]
Kosmos Energy announced today the following schedule for its second quarter 2020 results: Earnings Release: Monday, August 3, 2020, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, August 3, 2020 at 11:00 a.m. EDT. 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 entered into a crude oil prepayment agreement with Trafigura Trading LLC . The Prepayment Agreement provides up to $200 million of crude oil sales primarily related to a portion of the Company's 2022 and 2023 Gulf of Mexico production, with $150 million committed by Trafigura. Kosmos expects to execute $50 million of advance crude oil sales in June 2020. Later this year, following [...]
Kosmos Energy Ltd. announced today that in the interests of health and safety given COVID-19 and related guidance from public health authorities, the 2020 annual stockholders meeting will be held in a virtual meeting webcast format only, at 8:00 a.m. CDT on Wednesday, June 10, 2020, instead of the previously announced time of 8:00 a.m. EDT. Stockholders will not be able to attend the 2020 annual stockholders meeting in [...]
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