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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 9, 2024
KOSMOS ENERGY LTD.
(Exact Name of Registrant as Specified in its Charter)
| Delaware |
|
001-35167 |
|
98-0686001 |
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.) |
| |
|
|
|
|
|
8176 Park Lane
Dallas, Texas
|
|
|
|
75231 |
| (Address of Principal Executive Offices) |
|
|
|
(Zip Code) |
Registrant’s telephone number, including
area code: +1 214 445 9600
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):
| ☐ | Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, $0.01 Par Value |
|
KOS |
|
New York Stock Exchange
London Stock Exchange
|
Indicate by check mark whether the
registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of
the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
On September 6, 2024, Kosmos Energy Ltd. (the “Company”)
acceded two new Lenders to its reserve-based lending facility (the “Facility”), increasing total commitments by $145 million
to the full Facility size of $1.35 billion. In August 2024, the Company also entered into $500 million notional amount of interest rate
swaps for 2025 at a rate of approximately 3.65%.
Notes Offering and Concurrent Tender Offers
On September 9, 2024, the Company announced that
it has commenced an offering of $500,000,000 aggregate principal amount of new senior notes due 2031 (the “New Notes”) and
concurrent cash tender offers (the “Tender Offers”) to purchase (i) up to $400,000,000 aggregate principal amount of the Company’s
outstanding 7.125% Senior Notes due 2026 and (ii) up to $100,000,000 aggregate principal amount of the Company’s outstanding 7.750%
Senior Notes due 2027 and 7.500% Senior Notes due 2028, subject, in the case of the 7.750% Senior Notes due 2027, a maximum tender cap
of $50,000,000 aggregate principal amount.
The Company intends to use the net proceeds from
the offering of the New Notes, together with cash on hand, to fund the Tender Offers. The New Notes have not been and will not be registered
under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered
or sold in the United States absent registration or an applicable exemption from registration under the Securities Act or any applicable
state securities or blue sky laws. The New Notes will be offered only to persons reasonably believed to be qualified institutional buyers
under Rule 144A under the Securities Act and outside the United States, to non-U.S. persons in compliance with Regulation S under the
Securities Act.
Copies of the press releases announcing the offering
of New Notes and the Tender Offers are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.
This report is neither an offer to sell nor a
solicitation of an offer to buy the New Notes or any other securities, and it does not constitute an offer to purchase or a solicitation
to sell any notes subject to the Tender Offers or any other securities or a conditional notice of partial redemption with respect to any
securities. This report shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the New Notes or any
other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
| |
Item 9.01 |
Financial Statements and Other Exhibits |
(c) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 9, 2024
| |
KOSMOS ENERGY LTD. |
| |
|
|
| |
|
|
| |
By: |
/s/ Neal D. Shah |
| |
|
Neal D. Shah |
| |
|
Senior Vice President and Chief Financial Officer |
Exhibit 99.1
KOSMOS ENERGY ANNOUNCES LAUNCH OF SENIOR NOTES OFFERING
DALLAS--(BUSINESS WIRE)—September 9, 2024-- Kosmos Energy Ltd.
(“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today that, subject to market conditions, it intends to
offer $500 million aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together
with cash on hand, to fund the tender offers for a portion of its 7.125% Senior Notes due 2026, 7.750% Senior Notes due 2027 and 7.500%
Senior Notes due 2028 announced today and to pay any related premiums, fees and expenses.
The senior notes to be offered have not been and will not be registered
under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and the securities may
not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities
Act and applicable state securities or blue sky laws. The senior notes will be offered only to persons reasonably believed to be qualified
institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and, outside the United
States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act.
This press release is being issued pursuant to, and in accordance with,
Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the senior notes or any other
securities and it does not constitute an offer to purchase or a solicitation to sell any notes subject to the tender offers or any other
securities or a conditional notice of partial redemption with respect to any securities. This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, or a sale of, the senior notes or any other securities in any jurisdiction in which such
offer, solicitation or sale is unlawful.
About Kosmos Energy
Kosmos is a full-cycle, deepwater, independent oil and gas exploration
and production company focused along the offshore Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea
and the U.S. Gulf of Mexico, as well as world-class gas projects offshore Mauritania and Senegal. We also pursue a proven basin exploration
program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS.
Kosmos is engaged in a single line of business, which is the exploration, development, and production of oil and natural gas. Substantially
all of our long-lived assets and all of our product sales are related to operations in four geographic areas: Ghana, Equatorial Guinea,
Mauritania/Senegal and the U.S. Gulf of Mexico.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects,
believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements
are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and
operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are
subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press
release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will,”
“may,” “potential” or other similar words are intended to identify forward-looking statements. Such statements
are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual
results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions,
risks and uncertainties is available in Kosmos’ Securities and Exchange Commission filings. Kosmos undertakes no obligation and
does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this
press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary
statement.
European Economic Area and United Kingdom Notices
Financial Conduct Authority (FCA) stabilization rules apply.
MiFIR professionals / ECPs only / No PRIIPs / UK PRIIPs KID - Manufacturer
target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs
regulation key information document (KID) has been prepared as the notes are not available to retail investors in the EEA or the United
Kingdom.
Source: Kosmos Energy Ltd.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com
Exhibit 99.2
KOSMOS
ENERGY LTD ANNOUNCES CASH TENDER OFFERS FOR UP TO $400 MILLION PRINCIPAL AMOUNT OF 7.125% SENIOR NOTES DUE 2026 AND UP TO $100 MILLION
AGGREGATE PRINCIPAL AMOUNT OF 7.750% SENIOR NOTES DUE 2027 AND 7.500% SENIOR NOTES DUE 2028
September
9, 2024 – Kosmos Energy Ltd. (the "Offeror", “Kosmos”, or the “Company”)
(NYSE/LSE:KOS) announces the launch of its offers to purchase for cash (each a “Tender
Offer” and, collectively, the “Tender Offers”) up to (i) $400,000,000 aggregate principal amount (“2026 Notes
Cap”) of the Offeror’s outstanding 7.125% Senior Notes due 2026 (the “2026 Notes”) and (ii) up to $100,000,000
aggregate principal amount (the “2027/2028 Notes Cap”) of the Offeror’s outstanding 7.750% Senior Notes due 2027 (the
“2027 Notes”) and its 7.500% Senior Notes due 2028 (the “2028 Notes” and, together with the 2026 Notes and 2027
Notes, the “Notes”), subject, in the case of the 2027 Notes, to the 2027 Notes Sub-Cap as further detailed below. The Offeror
reserves the right to modify the 2026 Notes Cap, the 2027/2028 Notes Cap and/or the 2027 Notes Sub-Cap in its sole discretion.
The
Tender Offers are made upon the terms and subject to the conditions set forth in the offer to purchase dated September 9, 2024 (the “Offer
to Purchase”) which is available on the transaction website (the “Transaction Website”): https://projects.sodali.com/kosmos,
subject to eligibility confirmation and registration.
The
Tender Offers will expire at 5:00 p.m., New York City time, on October 7, 2024, unless extended or earlier terminated (such time and date,
as the same may be extended, the "Expiration Time"). Holders who tender their Notes may withdraw such Notes at any time prior
to 5:00 p.m., New York City time, on September 20, 2024 (such time and date, as the same may be extended).
Overview
of the Tender Offers
To
receive the Total Consideration (as defined below), which includes an early tender payment of $50.00 per each $1,000 principal amount
of the relevant Notes accepted for purchase pursuant to the Tender Offers (the "Early Tender Payment''), holders must validly tender
and not validly withdraw their Notes prior to 5:00 p.m., New York City time, on September 20, 2024, unless extended (such time, as the
same may be extended, the "Early Tender Time"). Holders who validly tender their Notes after the Early Tender Time but at or
prior to the Expiration Time will be eligible to receive only
the Tender Offer Consideration, which is an amount equal to the Total Consideration (as defined below) minus the Early Tender Payment.
The following table sets forth
certain terms of the Tender Offers:
| Title of Notes |
CUSIP/ISIN |
Outstanding Principal Amount |
2026 Notes Cap |
2026 Notes Priority of Acceptance |
Tender Offer Consideration (1)(4) |
Early Tender Payment(2) |
Total Consideration (2)(3)(4) |
|
| 7.125% Senior Notes due 2026 issued by Kosmos Energy Ltd. (the “2026 Notes”) |
Rule 144A:
500688AC0 / US500688AC04
Regulation S: U5007TAA3 / USU5007TAA35
|
$650,000,000 |
$400,000,000 aggregate principal amount, subject to increase in the Offeror’s sole discretion |
Tenders specifying a valid 2026 Notes Acceptance Code shall be eligible to receive priority of acceptance in the Tender Offer (over those without), as detailed below. |
$950.00 |
$50.00 |
$1,000.00 |
|
| |
|
|
|
|
|
|
|
|
| Title of Notes |
CUSIP/ISIN |
Outstanding Principal Amount |
2027/2028
Notes Cap
|
Acceptance Priority Level |
Tender Offer Consideration (1)(4) |
Early Tender Payment(2) |
Total Consideration (2)(3)(4) |
2027 Notes Sub-Cap |
| 7.750% Senior Notes due 2027 issued by Kosmos Energy Ltd. (the “2027 Notes”) |
Rule 144A:
500688AF3 / US500688AF35
Regulation S:
U5007TAD7 / USU5007TAD73 |
$400,000,000 |
$100,000,000 aggregate principal
amount, subject to increase in the Offeror’s sole discretion
|
1 |
$947.50 |
$50.00 |
$997.50 |
$50,000,000, subject to increase in the Offeror’s sole discretion |
| 7.500% Senior Notes due 2028 issued by Kosmos Energy Ltd. (the “2028 Notes”) |
Rule 144A:
500688AD8 / US500688AD86
Regulation S:
U5007TAB1 / USU5007TAB18
|
$450,000,000 |
2 |
$932.50 |
$50.00 |
$982.50 |
N/A |
| (1) | Per $1,000 principal amount of Notes validly tendered after
the Early Tender Time but on or prior to the Expiration Time and accepted for purchase. |
| (2) | Per $1,000 principal amount of Notes validly tendered on or
prior to the Early Tender Time and accepted for purchase. |
| (3) | The Total Consideration already includes the Early Tender Payment.
The Total Consideration in respect of the 2026 Notes is equal to the current optional redemption price applying to the 2026 Notes. |
| (4) | Excludes Accrued Interest, which will also be paid. |
In addition
to the Tender Offer Consideration or the Total Consideration, as applicable, all Holders of Notes accepted for purchase will also receive
accrued and unpaid interest on such Notes, rounded to the nearest $0.01 per $1,000 principal amount of Notes, from and including the last
interest payment date up to, but not including, the Early Settlement Date or the Final Settlement Date (each as defined below), as applicable.
New Notes
and Allocation of the New Notes
Concurrently
with this announcement of the Tender Offers, the Offeror announced its intention to commence an offering (the “New Notes Offering”)
of new notes (the “New Notes”). Subject to the successful closing of
the New Notes Offering, the Offeror intends to use the
net proceeds from the New Notes Offering plus cash on hand to fund the Tender Offers and associated fees and expenses. The Tender Offers
are conditioned upon, among other things, the successful completion (in the sole determination of the Offeror) of one or more debt financing
transactions, such as the New Notes Offering, raising aggregate amount of gross proceeds of an amount at least equal to $500.0 million
(the “Financing Condition”). The New Notes and the guarantees in respect thereof have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "Securities Act").
The Offeror
is making the Tender Offers, in combination with the New Notes Offering, as a way of managing the maturity profile of its outstanding
indebtedness.
A Holder
that has validly tendered, or indicated its firm intention to tender, its Notes in the Tender Offers prior to the Early Tender Deadline
and wishes to subscribe for New Notes in addition to tendering Notes in the Tender Offers may, after having made a separate application
for the purchase of such New Notes to the Dealer Manager (in its capacity as a joint bookrunner of the issue of the New Notes), at the
sole and absolute discretion of the Offeror, receive priority in the allocation of the New Notes, subject to the issue of the New Notes.
When considering allocation of the New Notes, the Offeror intends, but is not obligated, to give preference to those Holders who, prior
to such allocation, have tendered, or indicated to the Offeror or any the Dealer Manager their firm intention to tender, their Notes and
subscribe for New Notes. Holders should refer to the Offer to Purchase for further details.
2026 Notes Priority of Acceptance
in the Tender Offer
Holders of the 2026 Notes who
wish to subscribe for and who are allocated the New Notes in addition to tendering their 2026 Notes for purchase pursuant to the Tender
Offers can additionally receive “2026 Notes Priority of Acceptance” (over those who do not subscribe for New Notes) through
the use of an acceptance code (a “2026 Notes Acceptance Code”) for the acceptance of their 2026 Notes in the Tender Offer
with respect to the 2026 Notes, subject to satisfaction of the Financing Condition and completion of such Tender Offer. Such 2026 Notes
Priority of Acceptance may be given, at the Offeror’s sole discretion, for an aggregate principal amount of 2026 Notes of up to
the aggregate principal amount of New Notes allocated to the relevant Holder in the primary distribution of the New Notes. A Holder of
2026 Notes can obtain such a 2026 Notes Acceptance Code by contacting Merrill Lynch International at the contact details included in the
Offer to Purchase. The receipt of a 2026 Notes Acceptance Code in conjunction with the issue of the New Notes does not constitute a tender
of 2026 Notes for purchase pursuant to the Tender Offers. Moreover, if the aggregate principal amount of 2026 Notes validly tendered as
of the Early Tender Time exceeds the 2026 Notes Cap, not all validly tendered 2026 Notes will be accepted for purchase (though 2026 Notes
with 2026 Notes Priority of Acceptance shall in all cases be accepted with priority). As a result, the aggregate principal amount of New
Notes allocated to a Holder of 2026 Notes in the New Notes Offering may exceed the aggregate principal amount of 2026 Notes accepted for
purchase from such Holder pursuant to the Tender Offer for the 2026 Notes.
No assurances can be given that
any Holder of 2026 Notes that receives a 2026 Notes Acceptance Code will be given Priority of Acceptance, or be eligible to participate,
in the Tender Offer for the 2026 Notes. Participating in the Tender Offer for the 2026 Notes and requesting a 2026 Notes Acceptance Code
are subject to all applicable securities laws and regulations in force in any relevant jurisdiction, including those set out under “Offer
and Distribution Restrictions”. In order for a Holder of 2026 Notes to be eligible to receive 2026 Notes Priority of Acceptance
in the Tender Offer for 2026 Notes, an Acceptance Code must be quoted in that Holder’s tender instruction (a “Tender and Priority
Acceptance Instruction”). Holders of 2026 Notes who wish to tender 2026 Notes for purchase pursuant to the Tender Offer for the
2026 Notes but do not wish to subscribe for New Notes can submit an instruction to this effect (a “Tender Only Instruction”).
Additionally, Holders of 2026 Notes who have received 2026 Notes Priority of Acceptance in an amount equal to the aggregate principal
amount of New Notes allocated to the relevant Holder in the primary distribution of the New Notes but wish to tender additional 2026 Notes
in the Tender Offer for the 2026 Notes may submit a separate Tender Only Instruction in respect of such excess portion. Holders should
refer to the Offer to Purchase for further details.
2026 Notes
Post-Closing Redemption
If the aggregate
principal amount of 2026 Notes validly tendered and not validly withdrawn as of the Expiration Time is less than the 2026 Notes Cap, the
Offeror intends, but is not obligated, to redeem an aggregate principal amount of 2026 Notes at a redemption price of 100.00% of the principal
amount redeemed (plus accrued and unpaid interest to, but excluding, the date of redemption) pursuant to the terms of the indenture governing
the 2026 Notes soon as practicable following the Final Settlement Date, such that no more than $250,000,000 in aggregate principal amount
of 2026 Notes (or a corresponding smaller amount, in the case that the 2026 Notes Cap is increased) remain outstanding following the Tender
Offer for the 2026 Notes and such redemption.
Acceptance
and Pro-Ration
2026 Notes
may be subject to proration if the aggregate principal amount of the 2026 Notes validly tendered and not validly withdrawn as of the Early
Tender Time or the Expiration Time, as applicable, is greater than the 2026 Notes Cap. Further, 2027 Notes and 2028 Notes may either or
both be subject to proration if the aggregate principal amount of such Notes validly tendered and not validly withdrawn as of the Early
Tender Time or the Expiration Time, as applicable, is greater than the 2027/2028 Notes Cap and, with respect to the 2027 Notes, greater
than the 2027 Notes Sub-Cap. In all cases, Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time will
be accepted for purchase in priority to those thereafter, regardless of any 2026 Notes Priority of Acceptance or the Acceptance Priority
Levels (where applicable).
In respect
of the 2026 Notes, as described in the Offer to Purchase, at the Early Tender Time or the Expiration Time, as applicable, the Offeror
intends to accept for purchase Notes from investors tendering with 2026 Notes Acceptance Codes that can be obtained in connection with
the allocation of New Notes in priority to investors tendering without 2026 Notes Acceptance Codes. To the extent any 2026 Notes are validly
tendered with 2026 Notes Acceptance Codes and accepted for purchase pursuant to the Tender Offer for the 2026 Notes, the portion of the
2026 Notes Cap available to accept for the purchase of 2026 Notes validly tendered without 2026 Notes Acceptance Codes could be reduced
significantly or eliminated altogether.
Additional
Details
It is expected that payment
for Notes tendered at or prior to the Early Tender Time and accepted for purchase will be made on September 24, 2024 (the "Early
Settlement Date"), and payment for Notes tendered after the Early Tender Time but at or prior to the Expiration Time and accepted
for purchase will be made on October 9, 2024 (the "Final Settlement Date").
Subject
to applicable law and the terms and conditions of the Offer to Purchase, the Offeror may terminate the Tender Offers, waive any or all
of the conditions of the Tender Offers prior to the Early Tender Time or Expiration Time, extend the Early Tender Time or Expiration Time
or amend the terms of the Tender Offers.
The Offeror
has retained Merrill Lynch International to act as the dealer manager for the Tender Offers and Morrow Sodali Ltd. to act as information
and tender agent for the Tender Offers. Questions regarding procedures for tendering Notes may be directed to Sodali & Co at Hong
Kong: +852 2319 4130, London: +44 20 4513 6933, Stamford: +1 203 658 9457 or by email to kosmos@investor.sodali.com. Questions regarding
the Tender Offers may be directed to Merrill Lynch International at +44 20 7996 5420 or by email to DG.LM-EMEA@bofa.com.
The Tender
Offers are only being made pursuant to the Offer to Purchase. Holders of the Notes are urged to carefully read the Offer to Purchase before
making any decision with respect to the Tender Offers.
This press release does not
constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders with respect
to, the Notes or New Notes, and this press release does not constitute a notice of redemption with respect to the 2026 Notes or any other
Notes or securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or
sale would be unlawful. The Tender Offers are being made solely pursuant to the Offer to Purchase made available to holders of the Notes.
None of the Company or its affiliates, their respective boards of directors, the Dealer Manager, the Information and Tender Agent or the
trustees with respect to the Notes is making any recommendation as to whether or not Holders should tender or refrain from tendering all
or any portion of their Notes in response to the Tender Offers. Holders are urged to evaluate carefully all information in the Offer to
Purchase, consult their own investment and tax advisors and make their own decisions whether to tender Notes in the Tender Offers, and,
if so, the principal amount of Notes to tender.
About Kosmos Energy
Kosmos
is a full-cycle, deepwater, independent oil and gas exploration and production company focused along the offshore Atlantic Margins. Our
key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as world-class gas projects offshore
Mauritania and Senegal. We also pursue a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos is
listed on the NYSE and LSE and is traded under the ticker symbol KOS. Kosmos is engaged in a single line of business, which is the exploration,
development, and production of oil and natural gas. Substantially all of our long-lived assets and all of our product sales are related
to operations in four geographic areas: Ghana, Equatorial Guinea, Mauritania/Senegal and the U.S. Gulf of Mexico.
Forward-Looking Statements
This press
release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address
activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements.
Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and
trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements
are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently
available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,”
“expect,” “plan,” “will,” “may,” “potential” or other similar words are intended
to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which
are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking
statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission
filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or
circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are
qualified in their entirety by this cautionary statement.
Source:
Kosmos Energy Ltd.
Investor
Relations
Jamie Buckland
+44 (0)
203 954 2831
jbuckland@kosmosenergy.com
or
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com
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dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the state or province.
| Name: |
dei_EntityAddressStateOrProvince |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:stateOrProvinceItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityCentralIndexKey |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:centralIndexKeyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionIndicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityEmergingGrowthCompany |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
| Name: |
dei_EntityFileNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:fileNumberItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
| Name: |
dei_EntityIncorporationStateCountryCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:edgarStateCountryItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityRegistrantName |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityTaxIdentificationNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:employerIdItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionLocal phone number for entity.
| Name: |
dei_LocalPhoneNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
| Name: |
dei_PreCommencementIssuerTenderOffer |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
| Name: |
dei_PreCommencementTenderOffer |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTitle of a 12(b) registered security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
| Name: |
dei_Security12bTitle |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:securityTitleItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the Exchange on which a security is registered. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
| Name: |
dei_SecurityExchangeName |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:edgarExchangeCodeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
| Name: |
dei_SolicitingMaterial |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
| Name: |
dei_TradingSymbol |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:tradingSymbolItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
| Name: |
dei_WrittenCommunications |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
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