EX-99.1
2
dp95989_ex9901.htm
EXHIBIT 99.1
Exhibit 99.1
NEWS
RELEASE
Kosmos
Energy COMPLETES ACQUISITION OF DEEP GULF ENERGY
DALLAS, Texas, September 17,
2018
-
Kosmos Energy
(NYSE/LSE: KOS) announced today that it has completed the
previously announced acquisition of Deep Gulf Energy ("DGE")
1
, a leading deepwater company operating in
the Gulf of Mexico. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive
assets and a strong record of growing production and reserves through infrastructure-led exploration. This immediately accretive
acquisition enhances the scale of the company and is expected to generate significant free cash flow, enabling Kosmos to return
cash to shareholders through a dividend, beginning in the first quarter of 2019.
Note:
1.
Includes
Deep Gulf Energy LP, Deep Gulf Energy II, LLC, Deep Gulf Energy III, LLC, and related
entities (collectively "DGE")
About Kosmos Energy
Kosmos is a well-capitalized,
pure play deepwater oil and gas company with growing production, a pipeline of development opportunities and a balanced exploration
portfolio along the Atlantic Margins. Our assets include growing production offshore Ghana, Equatorial Guinea, and in the U.S.
Gulf of Mexico, a competitively positioned Tortue gas project in Mauritania and Senegal, and a sustainable exploration program
balanced between proven basins (Equatorial Guinea and U.S. Gulf of Mexico), emerging basins (Mauritania, Senegal and Suriname)
and frontier basins (Cote d'Ivoire and Sao Tome and Principe). As an ethical and transparent company, Kosmos is committed to doing
things the right way. The company's Business Principles articulate our commitment to transparency, ethics, human rights,
safety and the environment. Read more about this commitment in the Kosmos 2017
Corporate Responsibility
Report
. For additional information, visit
www.kosmosenergy.com
.
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.
###
CONTACT:
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Rhys Williams
+1-214-445-9693
rwilliams@kosmosenergy.com
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com

EX - 99 . 1 2 dp95989 _ ex9901 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 NEWS RELEASE Kosmos Energy COMPLETES ACQUISITION OF DEEP GULF ENERGY DALLAS , Texas , September 17 , 2018 - Kosmos Energy ( NYSE / LSE : KOS ) announced today that it has completed the previously announced acquisition of Deep Gulf Energy ( " DGE " ) 1 , a leading deepwater company operating in the Gulf of Mexico . By acquiring DGE , Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive assets and a strong record of growing production and reserves through infrastructure - led exploration . This immediately accretive acquisition enhances the scale of the company and is expected to generate significant free cash flow , enabling Kosmos to return cash to shareholders through a dividend , beginning in the first quarter of 2019 . Note : 1 . Includes Deep Gulf Energy LP , Deep Gulf Energy II , LLC , Deep Gulf Energy III , LLC , and related entities ( collectively " DGE " ) About Kosmos Energy Kosmos is a well - capitalized , pure play deepwater oil and gas company with growing production , a pipeline of development opportunities and a balanced exploration portfolio along the Atlantic Margins . Our assets include growing production offshore Ghana , Equatorial Guinea , and in the U . S . Gulf of Mexico , a competitively positioned Tortue gas project in Mauritania and Senegal , and a sustainable exploration program balanced between proven basins ( Equatorial Guinea and U . S . Gulf of Mexico ) , emerging basins ( Mauritania , Senegal and Suriname ) and frontier basins ( Cote d ' Ivoire and Sao Tome and Principe ) . As an ethical and transparent company , Kosmos is committed to doing things the right way . The company 's Business Principles articulate our commitment to transparency , ethics , human rights , safety and the environment . Read more about this commitment in the Kosmos 2017 Corporate Responsibility Report . For additional information , visit www.kosmosenergy.com . 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 . # # # CONTACT : Investor Relations Jamie Buckland + 44 ( 0 ) 203 954 2831 jbuckland@kosmosenergy.com Rhys Williams + 1 - 214 - 445 - 9693 rwilliams@kosmosenergy.com Media Relations Thomas Golembeski + 1 - 214 - 445 - 9674 tgolembeski@kosmosenergy.com
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