Kosmos Energy Ltd. (KOS): M&A transaction — Kosmos completes Equatorial Guinea asset sale to Panoro for ~$127M cash plus up to $39.5M

Kosmos Energy Ltd.

Closed sale of 40.375% interest in Ceiba and Okume (Block G) to Panoro Energy for ~$127M cash plus up to $39.5M contingent.
Cash proceeds of ~$127M used to reduce long-term debt; pro forma debt balance drops by same amount.
Pro forma net loss improves: FY 2025 to -$675.8M from -$699.8M; Q1 2026 to -$159.5M from -$225.6M.
Pro forma proved reserves at Dec 2025: 236 MMBoe, down 13 MMBoe from pre-disposition 249 MMBoe.
Contingent consideration: $12.5M tied to Ceiba production; $9M each in 2027-29 subject to price/production thresholds.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Kosmos Energy Ltd. completed a disposition involving Panoro Energy ASA for approximately $127 million (closed 2026-06-16).

Action: disposition
Counterparty: Panoro Energy ASA
Consideration: approximately $127 million
Closing: 2026-06-16

Exact text from the filing

as purchaser guarantor. Pursuant to the terms of the Purchase Agreement, the Company received final cash consideration on completion, post-closing adjustments, of approximately $127 million. The closing adjustments reflect the cash received from the assets in the first half of 2026 to completion on June 16, 2026. The Company is also entitled to future contingent

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Source: SEC EDGAR

accession 0000950103-26-009291

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