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Kosmos Energy (NYSE/LSE: KOS) announced today that Mr. Roy A. Franklin has joined its Board of Directors, effective June 9, 2021. Mr. Franklin is a senior .
Kosmos Energy Ltd.: Kosmos Energy Successfully Completes Reserve Based Lending Facility Amendment and Extension
Transaction clears all material near-term debt maturities 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.
As part of the amendment, Kosmos elected to lower the overall facility size from $1.5 billion to $1.25 billion to reduce reliance on the RBL facility and commitment costs following the successful completion of the Company s senior notes issuance in February 2021. The amendment includes a two-year tenor extension, with the RBL facility s final maturity now in March 2027.
Provided by Business Wire
Kosmos Energy Announces First Quarter 2021 Results
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.
FIRST QUARTER 2021 HIGHLIGHTS
Net Production(2) - 53,100 barrels of oil equivalent per day (boepd) with sales of 36,500 boepd, resulting in a material net underlift position of approximately 1.3 million barrels of oil
Commenting on the Company s first quarter 2021 performance, Chairman and Chief Executive Officer
Andrew G. Inglis said: This month marks the tenth anniversary of Kosmos listing on the New York Stock Exchange. In those ten years, Kosmos has evolved from a frontier explorer to a full-cycle E&P with a diverse reserve base that has increased nearly seven-fold, building the platform for continued success over the next ten years. In the first decade of the company s history, we maintained a strong focus on corporate responsibility, leading on transparency and positioning the business to deliver value to our stakeholders through the energy transition.