Kosmos Energy Ltd (KOS) has released an update.
Kosmos Energy Ltd. reported strong financial and operational results for Q1 2024, with a net income of $92 million and adjusted net income of $99 million. Production grew by approximately 13% year-over-year to about 66,700 barrels of oil equivalent per day. The company is advancing its growth projects and has enhanced its liquidity through a convertible bond issuance and refinancing of its reserve-based lending facility, with key developments in Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico.
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