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Kosmos Energy Ltd (KOS.N)

KOS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kosmos Energy Provides Suriname Activity Update
Monday, 21 May 2018 

May 21 (Reuters) - Kosmos Energy Ltd ::KOSMOS ENERGY SAYS ANAPAI-1 WELL DRILLING IN BLOCK 45 OFFSHORE SURINAME ENCOUNTERED SHALLOW BORE HOLE STABILITY ISSUES BEFORE REACHING TARGET INTERVAL.KOSMOS ENERGY LTD SAYS KOSMOS AND ITS PARTNER WILL RE-SPUD WELL, ANAPAI-1A, TARGETING SAME OBJECTIVES.KOSMOS ENERGY LTD SAYS ANAPAI-1A IS EXPECTED TO SPUD IMMINENTLY, AND WILL TAKE APPROXIMATELY 50 TO 60 DAYS TO DRILL WITH RESULTS EXPECTED EARLY IN Q3.  Full Article

Kosmos Energy Reports Q1 Adjusted Loss Of $0.06/Share
Monday, 7 May 2018 

May 7 (Reuters) - Kosmos Energy Ltd ::KOSMOS ENERGY ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 LOSS PER SHARE $0.13.Q1 EARNINGS PER SHARE VIEW $-0.13 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED LOSS PER SHARE $0.06.Q1 REVENUE $127.2 MILLION VERSUS I/B/E/S VIEW $143.3 MILLION.KOSMOS EXITED Q1 OF 2018 WITH APPROXIMATELY $1.3 BILLION OF LIQUIDITY AND $1,069 MILLION OF NET DEBT.Q1 2018 OIL REVENUES WERE $127.2 MILLION VERSUS $103.4 MILLION IN THE SAME QUARTER OF 2017, ON SALES OF 1.9 MILLION BARRELS OF OIL IN 2018.DURING Q1 OF 2018, GROSS SALES VOLUMES FROM GHANA AVERAGED APPROXIMATELY 132,400 BARRELS OF OIL PER DAY.AT JUBILEE, GROSS PRODUCTION AVERAGED APPROXIMATELY 63,800 BARRELS OF OIL PER DAY IN Q1.TOTAL CAPITAL EXPENDITURES IN THE FIRST QUARTER WERE $58 MILLION.JUBILEE TURRET REMEDIATION WORK IS PROGRESSING AS PLANNED WITH STABILIZATION SHUTDOWN BEING CONDUCTED IN TWO PHASES.SECOND PHASE OF JUBILEE TURRET REMEDIOATION IS EXPECTED TO COMMENCE DURING Q2 OF 2018.ANTICIPATED THAT JUBILEE OIL PRODUCTION WILL BE OFFLINE FOR AROUND TWO WEEKS AS A CONSEQUENCE OF SHUTDOWN.AT JUBILEE, ANTICIPATED GAS SYSTEM WILL BE SHUT-IN FOR SLIGHTLY LONGER TO COMPLETE NON-TURRET RELATED MAINTENANCE.NOW EXPECT ROTATION OF VESSEL TO TAKE PLACE AROUND END OF 2018 WITH MINIMAL IMPACT TO PRODUCTION IN 2018.GROSS PRODUCTION FROM TEN IN Q1 AVERAGED APPROXIMATELY 68,600 BOPD.DRILLING ACTIVITY AT TEN IS EXPECTED TO ALLOW PRODUCTION TO INCREASE TOWARDS FPSO CAPACITY OF 80,000 BOPD.  Full Article

Kosmos Energy reports Q3 loss per share $0.16
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Kosmos Energy Ltd :Kosmos Energy announces third quarter 2017 results.Q3 loss per share $0.16.Q3 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S.Q3 adjusted loss per share $0.09.Q3 revenue $151.2 million versus I/B/E/S view $149.8 million.‍realized oil revenues, including impact of company's hedging program, were $55.57 per barrel of oil sold in Q3 of 2017​.  Full Article

Kosmos Energy Q2 adjusted loss per share $0.11
Monday, 8 Aug 2016 

Kosmos Energy Ltd : Kosmos Energy announces second quarter results . Q2 loss per share $0.28 . Q2 adjusted loss per share $0.11 . Q2 revenue $46 million . Q2 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Q2 revenue view $65.7 million -- Thomson Reuters I/B/E/S . Forecast for full-year 2016 capital expenditures remains approximately $650 million . Gradual ramp up in oil production towards FPSO capacity of 80,000 bopd is anticipated around end of 2016 .Capital expenditures are expected to ramp down in second half of year as company paused drilling program in late May.  Full Article

Kosmos Energy amends multi-currency revolving letter of credit facility agreement - SEC filing
Friday, 1 Jul 2016 

Kosmos Energy Ltd: Amended and restated existing multi-currency revolving letter of credit facility agreement - SEC filing . Amended facility agreement will become effective as of July 3, 2016 . Amendments to decrease total maximum size of facility agreement from $150 million to $125 million with $75 million of initial available commitments .Amendments to increase interest rate from 0.5 pct to 0.8 pct per annum on amounts under letters of credit issued under amended facility agreement.  Full Article

Sierra Leone in fourth bid to launch oil sector with licensing round

June 14 Seeking to capitalise on higher oil prices, Sierra Leone has extended the deadline of a fourth oil licensing round for five deep water offshore blocks until September 27, officials told Reuters.