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Kosmos Energy Capital Markets Day

Source: www.gulfoilandgas.com 2/25/2019, Location: North America

Kosmos Energy Ltd. is hosting a Capital Markets Day presentation in London for sell-side analysts and institutional investors.

The event will be hosted by Andrew G. Inglis, Chairman and Chief Executive Officer, and will include presentations from members of Kosmos’ Leadership Team on the company strategy. The presentations will be streamed via a live webcast on Kosmos’ website from 14:00 GMT (09:00 ET). Registration for the webcast and materials for the day can be found at the following link: Capital Markets Day Webcast.

Andrew G. Inglis, CEO and Chairman of Kosmos Energy commented today: "Over the last two years, Kosmos has made significant progress in building a balanced, full-cycle exploration and production company. Over that two-year period, we have more than tripled production and more than tripled reserves. Most importantly, we have executed this growth without diluting our shareholders.”

“Kosmos is now well-positioned to grow cash flow, reserves and production through a combination of exploitation, development, infrastructure led exploration and basin opening exploration activities. Kosmos is stronger than ever and the confidence we have in the future prospects of the company is demonstrated by the initiation of a dividend for 2019, the first in the company’s history. We are excited about the future for Kosmos and look forward to presenting the key takeaways below as part of today’s Capital Markets Day event.”

Capital Markets Day Key Takeaways:

Kosmos has a resilient, low-cost, cash-generative business model: The company can fund its sustaining capital expenditure and dividends at $35/barrel Brent.
Reduction in 2019 capital expenditure from $500-600 million to $425-475 million: This can be done while maintaining the same 8-10% production compound annual growth rate for 2019-21.
The strategic acquisitions in Equatorial Guinea and the Gulf of Mexico create the next chapter of growth for the company: Driven by infrastructure-led exploration opportunities.
Kosmos has discovered a significant and valuable resource in Mauritania and Senegal and the final investment decision of the Tortue project in December 2018 has created a value inflection point: Following interest from multiple third parties, Kosmos intends to sell down its position to ~10%.
Kosmos’ exploration portfolio creates asymmetric upside, with 2019 an active exploration year for the company: Kosmos expects to drill 6 exploration wells across the portfolio targeting 500 mmboe net.
Kosmos is focused on working in partnerships with the supermajors across its portfolio: Alliances with BP and Royal Dutch Shell leverage expertise and complementary skill sets.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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