Kosmos Energy Announces First Quarter 2021 Results

DALLAS--(BUSINESS WIRE)--May 10, 2021-- Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE: KOS) announced today its financial and operating results for the first quarter of 2021. For the quarter, the Company generated a net loss of $91 million, or $0.22 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $33 million, or $0.08 per diluted share for the first quarter of 2021.

Kosmos Energy Successfully Completes Reserve Based Lending Facility Amendment and Extension

DALLAS--(BUSINESS WIRE)--May 10, 2021-- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully completed the amendment and extension of its reserve based lending (“RBL”) facility.

Kosmos Energy to Host First Quarter 2021 Results and Webcast on May 10, 2021

DALLAS --(BUSINESS WIRE)--Apr. 15, 2021-- Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2021 results: Earnings Release: Monday, May 10, 2021 , pre- UK market open via Business Wire, Regulatory News Service , and the Company’s website.

Kosmos Energy Announces New Leadership of Exploration

DALLAS--(BUSINESS WIRE)--Apr. 12, 2021-- Kosmos Energy (NYSE/LSE: KOS) announced today that Tim Nicholson has been promoted to Senior Vice President (SVP) and Head of Exploration, and John Shinol has been promoted to SVP and Chief Geoscientist.

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.