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 Successfully Completes Reserve Based Lending Facility Re-Determination

DALLAS --(BUSINESS WIRE)--Oct. 13, 2020-- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully completed the re-determination of its reserve based lending credit facility (“RBL”). During the September re-determination, the Company’s lending syndicate

Kosmos Energy to Host Third Quarter 2020 Results and Webcast on November 9, 2020

DALLAS --(BUSINESS WIRE)--Oct. 12, 2020-- Kosmos Energy (NYSE: KOS) (LSE: KOS) announced today the following schedule for its third quarter 2020 results: Earnings Release: Monday, November 9, 2020 , pre- UK market open via Business Wire, Regulatory News Service , and the Company’s website at

Kosmos Energy Strengthens Liquidity Position With Closing of $200 Million Gulf of Mexico Facility

DALLAS--(BUSINESS WIRE)--Oct. 5, 2020-- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has closed a Gulf of Mexico facility with Beal Bank USA and Trafigura Trading LLC (“Trafigura”). Kosmos has restructured its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the Company’s U.S. Gulf of Mexico assets.

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.
Read the full report:

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.