Kosmos
Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that it
has commenced a registered underwritten public offering of approximately
30 million common shares, all of which will be offered by existing
shareholders and certain officers of Kosmos. The underwriters of this
offering have been granted an option, exercisable within 30 days, to
purchase up to an additional 4.5 million common shares from certain of
the selling shareholders on the same terms and conditions to cover
over-allotment, if any. Kosmos will not receive any of the proceeds from
the sale of the common shares.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and
Barclays Capital Inc. are acting as joint book-running managers of the
offering.
The offering is being made pursuant to an effective shelf registration
statement, including a prospectus and a preliminary prospectus
supplement relating to the offering, filed by Kosmos with the U.S.
Securities and Exchange Commission (“SEC”). When available, copies of
the prospectus and the preliminary prospectus supplement relating to the
offering may be obtained for free by visiting the SEC website at www.sec.gov.
Alternatively, copies of the prospectus and the preliminary prospectus
supplement may be obtained from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone
(800) 831-9146, email batprospectusdept@citi.com,
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
One Madison Avenue, New York, New York 10010, telephone (800) 221-1037,
email newyork.prospectus@credit-suisse.com
and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Ave, Edgewood, New York 11717, telephone (888) 603-5847, email barclaysprospectus@broadridge.com.
This press release is for informational purposes only and does not
constitute an offer to sell, or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offer or sale of these securities will be
made only by means of a prospectus, including a prospectus supplement,
forming a part of the related registration statement.
About Kosmos Energy
Kosmos Energy is a leading independent oil and gas exploration and
production company focused on frontier and emerging areas in Africa and
South America.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. 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” 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 (“SEC”) 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.