{"id":441708,"date":"2011-06-15T17:20:20","date_gmt":"2011-06-15T17:20:20","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/"},"modified":"2011-06-15T17:20:20","modified_gmt":"2011-06-15T17:20:20","slug":"kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/","title":{"rendered":"Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Oil & Gas<\/a>, Second Lead<\/a> \u00bb Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange<\/p>\n

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Page last updated at Wednesday, June 15, 2011 17:17 PM \/\/ <\/span><\/div>\n

\"\"<\/a>US oil company, Texas-based Kosmos Energy, currently one of the jubilee partners at Ghana\u2019s oilfields says it will be listing on the Ghana Stock Exchange (GSE) later this year.<\/p>\n

Mr Brian Maxted, President and Chief Executive Officer (CEO) of Kosmos LLC told reporters in Accra on June 14, 2011 that the value of the shares is around $50 million even though he did not give the exact number and cost of shares it will be floating on the GSE.<\/p>\n

\u201cIn terms of how many shares, that decision has not been taken yet\u2026My expectation is that it will be slightly below Tullow\u2019s shares in terms of value of the total number of shares\u201d, Mr. Maxted disclosed adding \u201cSome thing in the $50 million range.\u201d<\/p>\n

This is to develop the Jubilee oilfields as well as the six additional blocks which are gas associated to bring them on-stream, he says.<\/p>\n

Kosmos in a recent S-1 filing to the US Securities and Exchange Commission disclosed that it will invest about $400 million in the oil fields in Ghana.<\/p>\n

Maxted said the listing gives Ghanaians the opportunity to invest in Kosmos Energy \u201cnot just in our Ghana assets but other opportunities elsewhere in Africa\u201d.<\/p>\n

Mr. Maxted added \u201cIt also provides opportunity for our staff to participate in the various stock programmes\u201d.<\/p>\n

Kosmos raised $600 million from its Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) last month.<\/p>\n

Kosmos indicated that it is working with the GSE to finalise the listing and all documents would be made public.<\/p>\n

\u201cBefore we float on the GSE, all the necessary documents will be made available by the company\u201d, says Maxted.<\/p>\n

Commenting on Tullow\u2019s shares on the GSE, he said, \u201cTullow\u2019s floating of shares on the GSE is helpful for us\u2026It has broken the ground on the process of listing on the GSE\u201d.<\/p>\n

This can help the process to be fast, says Maxted. \u201cIf the process is fast, we could be doing the listing quicker. We would be proud to be listed alongside Tullow.\u201d he says.<\/p>\n

If Kosmos\u2019s listing becomes successful, it will be the second jubilee partner to be on the GSE after Tullow Oil.<\/p>\n

Tullow began floating four million shares on the GSE at GH\u00a231 per share on Monday June 13, 2011. It is expected to raise GH\u00a2124 million at the end of the offer.<\/p>\n

\u00a0<\/p>\n

By Ekow Quandzie<\/p>\n

Comments<\/h4>\n<\/div>\n

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\nKosmos Energy to float shares valued at $50m on Ghana Stock Exchange<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb Oil & Gas , Second Lead \u00bb Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange Page last updated at Wednesday, June 15, 2011 17:17 PM \/\/ US oil company, Texas-based Kosmos Energy, currently one of the jubilee partners at Ghana\u2019s oilfields says it will be listing on the Ghana Stock Exchange (GSE) later this year. Mr Brian Maxted, President and Chief Executive Officer (CEO) of Kosmos LLC told reporters in Accra on June 14, 2011 that the value of the shares is around $50 million even though he did not give the exact number and cost of shares it will be floating on the GSE. \u201cIn terms of how many shares, that decision has not been taken yet\u2026My expectation is that it will be slightly below Tullow\u2019s shares in terms of value of the total number of shares\u201d, Mr<\/p>\n","protected":false},"author":0,"featured_media":441709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-441708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\nKosmos Energy to float shares valued at $50m on Ghana Stock Exchange - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb Oil & Gas , Second Lead \u00bb Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange Page last updated at Wednesday, June 15, 2011 17:17 PM \/\/ US oil company, Texas-based Kosmos Energy, currently one of the jubilee partners at Ghana\u2019s oilfields says it will be listing on the Ghana Stock Exchange (GSE) later this year. Mr Brian Maxted, President and Chief Executive Officer (CEO) of Kosmos LLC told reporters in Accra on June 14, 2011 that the value of the shares is around $50 million even though he did not give the exact number and cost of shares it will be floating on the GSE. \u201cIn terms of how many shares, that decision has not been taken yet\u2026My expectation is that it will be slightly below Tullow\u2019s shares in terms of value of the total number of shares\u201d, Mr\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange\",\"datePublished\":\"2011-06-15T17:20:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/\"},\"wordCount\":446,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Sports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/\",\"name\":\"Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2011-06-15T17:20:20+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/06\/15\/kosmos-energy-to-float-shares-valued-at-50m-on-ghana-stock-exchange\/","twitter_card":"summary_large_image","twitter_title":"Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange - Ghanamma.com","twitter_description":"You Are Here: Home \u00bb Oil & Gas , Second Lead \u00bb Kosmos Energy to float shares valued at $50m on Ghana Stock Exchange Page last updated at Wednesday, June 15, 2011 17:17 PM \/\/ US oil company, Texas-based Kosmos Energy, currently one of the jubilee partners at Ghana\u2019s oilfields says it will be listing on the Ghana Stock Exchange (GSE) later this year. 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