Kosmos Energy Provides Operational and Financial Update

• The company estimates oil revenues for the third fiscal quarter of 2014 to be between $130 million to $140 million.
• In addition, the company expects to record a mark-to-market gain of between $37 million and $42 million on its commodity derivative positions during the fiscal quarter ended September 30, 2014 as a result of a decrease in the dated Brent forward curve.

Kosmos Energy Ltd. (“Kosmos”) KOS today provided an operational and financial update in advance of releasing its third quarter 2014 results.

As a result of the continued strong production from the Jubilee field, gross production has averaged approximately 103,000 barrels of oil per day (bopd) for the first nine months of 2014. Accordingly, the company completed its seventh lifting of crude oil for the year on October 1, 2014. Due to the timing of this lifting which extended over both the third and fourth fiscal quarters, 49 percent of the oil volumes will be recognized in the company’s current fiscal quarter ended September 30, 2014 and the remainder will be recognized in the fiscal quarter ending December 31, 2014. The company estimates oil revenues for the third fiscal quarter of 2014 to be between $130 million to $140 million.

In addition, the company expects to record a mark-to-market gain of between $37 million and $42 million on its commodity derivative positions during the fiscal quarter ended September 30, 2014 as a result of a decrease in the dated Brent forward curve. Currently, the company has approximately 10 million barrels of forward production hedged through 2016.

Third Quarter 2014 Results Conference Call and Webcast

The company plans the following schedule for its third quarter 2014 results:

Earnings Release: Monday, November 3, 2014, before the stock market open via Business Wire and the company’s website at www.kosmosenergy.com.
Conference Call: Monday, November 3, 2014, at 11:00 a.m. EST. The call is open to the public via telephone and webcast.
Dial-in telephone numbers:
U.S. / Canada: +1.877.407.3982
International: +1.201.493.6780

Webcast:
investors.kosmosenergy.com

Webcast Conference Call Replay: A replay of the webcast will be available at investors.kosmosenergy.com for approximately 90 days following the event.