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January 13, 2014
05:37 EDTKOSKosmos names Andrew Inglis as chairman, CEO
The board of Kosmos Energy announced that it has appointed Andrew Inglis as chairman of the board and CEO, effective March 1, 2014. Current CEO Brian Maxted, a founding partner of Kosmos, will serve in the role of Chief Exploration Officer and continue to serve on the board. As previously announced and simultaneous to Inglisí appointment, John Kemp III, Kosmosí current chairman of the board, will retire from the board and from his consulting position with the company.
News For KOS From The Last 14 Days
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October 1, 2015
08:08 EDTKOSKosmos Energy says ended Q3 with roughly $1.9B of liquidity
Kosmos Energy (KOS) announced two developments that together strengthen the company's liquidity and better position Kosmos for continued success in a lower commodity price environment. In addition, the company provided an update on its exploration drilling program. Kosmos announced that the borrowing base under its reserves-based lending facility remains unchanged at $1.5B following its lenders' semi-annual redetermination process which concluded on September 30, 2015. Kosmos ended the third quarter with approximately $1.9B of liquidity and net debt of $500M as of September 30, 2015, which is flat with the second quarter of 2015. Kosmos' second exploration well offshore Mauritania, Marsouin-1, was spud on August 28, 2015, with results anticipated in the middle of the fourth quarter. Marsouin-1 is located in Block C8 approximately 60 kilometers north of the basin-opening Tortue-1 well in a water depth of approximately 2,400 meters. The well is designed to test a four-way trap with multiple stacked targets, including Lower Cenomanian, Albian, and Aptian formations. As operator of the well, Kosmos currently holds a 60% working interest with its partners Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corporation (CVX), and Societe Mauritanienne Des Hydrocarbures et de Patrimoine Minier holding 30% and 10%, respectively.
September 29, 2015
09:29 EDTKOSDeutsche Bank to hold a conference
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