Kosmos Energy Ltd

NYSE:KOS   3:59:55 PM EDT
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Kosmos Energy Announces Farm Down Of Portfolio Of Exploration Assets To Shell For Up To $200 Mln

Published: 09/09/2020 06:43 GMT
Kosmos Energy Ltd (KOS) - Kosmos Energy Ltd - Kosmos Energy Announces Farm Down of a Portfolio of Exploration Assets to Shell for Up to $200 Million.
Kosmos Energy Ltd - Shell Will Acquire Kosmos' Participating Interest in Blocks Offshore SÃo TomÉ & PrÍncipe, Suriname, Namibia, and South Africa.
Kosmos Energy Ltd - Plans to Use Up to One-third of Initial Proceeds to Test Two High-quality Infrastructure-led Exploration Prospects.
Kosmos Energy Ltd - Expects to Use Remainder of Proceeds to Reduce Borrowings Outstanding Under Its Credit Facilities.
Kosmos Energy - Expect to Realize About $125 Million in Total Savings Across Capital Expenditures, General and Administrative Expenses Over Next 2 Years.