Kosmos Energy Ltd.

Kosmos Energy announced today the following schedule for its first quarter 2020 results: Earnings Release: Monday, May 11, 2020, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com. Conference Call: Monday, May 11, 2020 at 11:00 a.m. EST. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-6167 [...]

Kosmos Energy announced today that on April 20, 2020, it received formal notice from the New York Stock Exchange that the average closing price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price required to maintain listing on the NYSE. Kosmos has notified the NYSE of its intention to return to compliance with the NYSE listing [...]

Kosmos Energy announced today that it has successfully completed the re-determination of its reserve based lending credit facility . In addition, the company has identified a further $75 million in cost reductions across capital and operating expenditures and gives an update on the Greater Tortue Ahmeyim LNG project in Mauritania and Senegal. RBL Facility and Liquidity The Company’s lending syndicate has approved an RBL [...]

Following the announcement of Kosmos Energy’s full year 2019 results on February 24, 2020, the company is today providing an operational update. In response to the current market price volatility, Kosmos is taking the following actions to maintain balance sheet strength and preserve flexibility: Reduce Capital Expenditures: At the 4Q19 results, we guided to a 2020 capital budget for our base production business of [...]

Kosmos Energy is presenting at the Credit Suisse Annual Energy Summit today. An updated slide presentation for today’s meetings can be found on the company website, www.kosmosenergy.com. About Kosmos Energy Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of [...]

Kosmos Energy announced that its Board of Directors has declared a quarterly cash dividend of $0.0452 per common share payable on March 26, 2020, to the stockholders of record at the close of business on Thursday, March 5, 2020. Holders of common shares on the New York Stock Exchange will be paid in U.S. dollars, and holders of common shares through depositary interests on the London Stock Exchange will be paid in British [...]

Kosmos Energy Ltd. announced today that Thomas P. Chambers, who has served as senior vice president and chief financial officer since November 2014, has informed the company that he will retire in May 2020. Mr. Chambers will be succeeded by Neal D. Shah, currently senior vice president and deputy chief financial officer. Mr. Shah has been with Kosmos since 2010, serving in a series of roles of increasing responsibility in [...]

Kosmos Energy Ltd. announced today the financial and operating results for the fourth quarter of 2019. For the quarter, the Company generated a net loss of $36 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 $37 million or $0.09 per diluted share for the fourth quarter of 2019. FOURTH QUARTER 2019 HIGHLIGHTS Net [...]

Kosmos Energy announced today that total 1P reserves at year end 2019 were approximately 169 million barrels of oil equivalent and 2P reserves were approximately 552 MMBoe. In addition, following the recent signing of the Sale and Purchase Agreement for the Phase 1 LNG offtake of the Greater Tortue Ahmeyim project, Kosmos intends to book additional net 1P reserves of approximately 100 MMBoe. Adjusting for these additional [...]

Kosmos Energy announced today that the company and its partners have signed a Sale and Purchase Agreement with BP Gas Marketing Limited, a wholly owned subsidiary of BP plc The SPA is for 2.45 million tonnes per annum of liquified natural gas from Phase 1 of the Greater Tortue Ahmeyim project for an initial term of up to 20 years. Following the signing of the SPA, Kosmos intends to book net proved reserves of [...]