Kosmos contemplates listing on GSE

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After 26 years of flying experience worldwide, Virgin Atlantic turned one year in Ghana on the 24th May 2011 and celebrated it in grand style at the African Regent Hotel with friends- Vodafone, Zenith bank, Chase petroleum, Glico insurance and Diageo. The West African Regional Manager for the airline said after servicing Ghana with a year of spectacular rates and impeccable service, "we have so much more to offer in the coming year and subsequent years to come"

KOSMOS Energy has begun moves to firm up plans to list on the Ghana Stock Exchange.

Joy Business has learnt two senior executives from the US were in town this week to evaluate options on their listing.

The company earlier this year disclosed in its prospectus for its Initial Public Offering filed with US Securities and Exchange Commission it would list on the Ghanaian bourse when it completes the process in the US.

The company’s Treasurer and Head of capital markets took time to engage a number of brokerage firms who they may want to work with on their listing as well as officials of the Ghana Stock Exchange.

Shares of KOSMOS opened on New York Stock Exchange earlier this year at 18 dollars 24 cents and the company has indicated that it would spend nearly 400 million dollars on the Jubilee and Tano blocks this year.

Fellow partner and Jubilee operator, Tullow Oil just this week announced that it will launch its IPO for the Ghanaian bourse on the 13th of June.

It is expected to begin trading in July.

Source: Joy Business/Ghana

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Kosmos contemplates listing on GSE