Kosmos Energy - 2011-05-11

Priced an initial public offering of 33 million common shares at the top end of its expected range at $18 per share. The common shares began trading on the New York Stock Exchange on May 11 as KOS. The underwriters have the option to purchase from Kosmos Energy up to an additional 4.95 million common shares, on the same terms and conditions, to cover over-allotments, if any. Net proceeds will be used primarily to fund capital expenditures, particularly for exploration and appraisal drilling program and development activities through early 2013 and associated operating expenses; the payment of $15 million to Ghana National Petroleum Corp. or GNPC, upon successful completion of the offering; and for general corporate purposes.