Kosmos Energy Announces Pricing of $450 Million of Senior Notes Due 2028

DALLAS--(BUSINESS WIRE)--Feb. 25, 2021-- Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today the pricing of $450 million aggregate principal amount of its 7.500% senior notes due 2028. The offering was upsized by $50 million over the previously announced offering size of $400 million. The offering is expected to close on March 4, 2021, subject to customary closing conditions. Kosmos intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility and commercial debt facilities and for general corporate purposes.

Kosmos Energy Announces Launch of Its Senior Notes Offering

DALLAS--(BUSINESS WIRE)--Feb. 23, 2021-- Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that, subject to market conditions, it intends to offer $400 million aggregate principal amount of senior notes due 2028. Kosmos intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility and commercial debt facilities and for general corporate purposes.

Kosmos Energy Announces Fourth Quarter and Full Year 2020 Results

DALLAS--(BUSINESS WIRE)--Feb. 22, 2021-- Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today its financial and operating results for the fourth quarter of 2020. For the quarter, the Company generated a net income of $8 million, or $0.02 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $49 million or $0.12 per diluted share for the fourth quarter of 2020.

Exploration Success in the U.S. Gulf of Mexico

DALLAS--(BUSINESS WIRE)--Jan. 19, 2021-- Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration (“ILX”) well (Kosmos working interest 17.5%). Winterfell was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approximately 26 meters (85 feet) of net oil pay in two intervals.

Kosmos Energy Completes Farm Down of Exploration Assets to Shell

DALLAS--(BUSINESS WIRE)--Dec. 10, 2020-- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) today announced that it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (“Shell”), a wholly-owned subsidiary of Royal Dutch Shell PLC (LSE: RDSA), 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.

Kosmos Energy Announces Third Quarter 2020 Results

DALLAS--(BUSINESS WIRE)--Nov. 9, 2020-- Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) 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(1) of $50 million or $0.12 per diluted share for the third quarter of 2020.

Kosmos Energy Publishes Climate Risk and Resilience Report

Kosmos Energy today published its inaugural Climate Risk and Resilience Report. The report follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) – both the TCFD’s general disclosure guidelines and its specific oil and gas recommendations. The Climate Risk and Resilience Report sets out Kosmos’ assessment of the risks and opportunities presented to our business by climate change and the energy transition across four categories: Governance, Strategy, Risk Management and Metrics and Targets.
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Kosmos Energy Announces Farm Down of a Portfolio of Exploration Assets to Shell for up to $200 Million

DALLAS--(BUSINESS WIRE)--Sep. 9, 2020-- Kosmos Energy (NYSE: KOS) (LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (“Shell”), a wholly-owned subsidiary of Royal Dutch Shell PLC (LSE: RDSA), to farm down interests in a portfolio of frontier exploration assets for approximately $100 million, plus future contingent payments of up to $100 million.

Kosmos Energy to Present at Barclays CEO Energy-Power Conference

DALLAS--(BUSINESS WIRE)--Sep. 2, 2020-- Kosmos Energy (NYSE/LSE: KOS) 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 following the event.