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0 0 0 0.0206185567010309 0.0150515463917525 0.000103092783505143 -0.0511855670103092 -0.0604123711340206
Stock impact report

Kosmos Energy Successfully Completes Reserve Based Lending Facility Re-determination and Provides Operational Update

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
DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully completed the re-determination of its reserve based lending credit facility (“RBL”). In addition, the company has identified a further $75 million in cost reductions across capital and operating expenditures and gives an update on the Greater Tortue Ahmeyim LNG project in Mauritania and Senegal.RBL Facility and LiquidityThe Company’s lending syndicate has approved an RBL borrowing base capacity of $1.5 billion. In conjunction with the re-determination, Kosmos has voluntarily reduced its facility commitments from $1.6 billion to $1.5 billion. The borrowing base calculation includes value related to the Jubilee and TEN fields in Ghana and the Ceiba and Okume fields in Equatorial Guinea. Furthermore, the Company’s producing assets in the Gulf of Mexico and its gas assets in Mauritania and Senegal have no debt secured against them. The first RBL amortization paym Show less Read more
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