03 Aug Kosmos Energy to list on LSE in September
Kosmos Energy (NYSE:KOS) is set to make a secondary listing on the London Stock Exchange (LSE) by the end of September, in a bid to attract European investors in the company.
The US-based oil and gas exploration firm will join BP on the London exchange, which it is currently partnered with in a gas exploration programme off the coast of Senegal and Mauritania.
Kosmos is also partnered with Tullow Oil in offshore Ghana and owns parts of licenses to drill for oil off the coast of Suriname in South America.
Chief executive Andrew Inglis called the secondary listing the next stage in the company’s evolution.
“Our NYSE listing has enabled Kosmos to attract blue chip investors and given us access to significant opportunities.
“We selected the LSE for our secondary listing because of its strong liquidity, reputation for transparency, and participants’ knowledge of the role of frontier exploration and development in our industry.”
Kosmos estimates that up to 50 trillion cubic feet (tcf) of gas resources could be present across its licenses offshore Senegal and Mauritania.