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.
A dió útja – bemutatjuk a székelyudvarhelyi Berzeolaj manufaktúrát maszol.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maszol.ro Daily Mail and Mail on Sunday newspapers.
About Kosmos Energy
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.