Kosmos Energy seeking listing on London Stock Exchange
Independent oil and gas exploration and production company, Kosmos Energy is seeking a secondary listing on the London Stock Exchange.
As one of the reasons for the listing, Kosmos noted that there are a number of European investment funds and specialist international oil and gas investors that are currently unable to hold Kosmos’ shares due to their listing outside of a European regulated market.
Kosmos anticipates that the number of analysts providing independent investment research on the Company will increase following the listing of Kosmos’ shares on the LSE.
The company expects the listing to broaden its international investor base.
Speaking of the decision, Andrew G. Inglis, chairman and CEO of Kosmos Energy, said, the company believes it represents a “compelling investment proposition” as it has seen growth over the years driven by increasing production and cash flow in Ghana and recent discoveries offshore Mauritania and Senegal.
In February this year, the company tied up with BP in the Mauritania-Senegal basin that holds the Cayar Offshore Profond and the Saint Louis Offshore Profond blocks offshore Senegal, that could underpin a development of a “world-class” LNG project.