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0.0152387863395165 0.015919089301102 0.0200916141321601 0.0340605016100503 0.0297519161866751 0.0425869653952561 0.065717266089165 0.0702526191664021
Stock impact report

Kosmos Energy Announces Sale of Equatorial Guinea Production Assets to Panoro Energy for up to $219.5 Million

Kosmos Energy Ltd. Common Shares (DE) (KOS) 
Last kosmos energy ltd. common shares (de) earnings: 2/24 02:00 am Check Earnings Report
Company Research Source: Business Wire
Optimizes portfolio, high grades capital allocation, lowers costs and enhances liquidity DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy (“Panoro”) for $180 million, plus future contingent payments of up to $39.5 million.Under the terms of the agreement, Panoro will acquire the Kosmos subsidiary that owns an interest in Block G where the Ceiba and Okume production assets are located (the “Assets”). The consideration consists of an upfront cash payment of $180 million, subject to certain adjustments, plus contingent payments of $12.5 million linked to production performance at the Ceiba field and $9 million payable in each of 2027, 2028 and 2029, which are subject to certain oil price and production thresholds.The transaction enhances liquidity from monetizing non-core as Show less Read more
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