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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
· Webcast Conference Call Replay: A replay of the webcast will be available at investors.kosmosenergy.com for approximately 90 days following the event. 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 Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
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Kosmos Energy Announces New Leadership of Exploration
April 12, 2021 GMT
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.
Tim and John joined Kosmos in 2018 and have been integral to the company’s infrastructure-led exploration (ILX) efforts over that period, primarily in the U.S. Gulf of Mexico and Equatorial Guinea. Tim and John were both formerly at Cobalt International Energy where they were responsible for several large discoveries in West Africa (Angola) and the U.S. Gulf of Mexico (North Platte, Anchor, and Heidelberg).