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KOSMOS ENERGY . Kosmos Energy Announces Second Quarter 2021 Results August 9 , 2021 DALLAS -- ( BUSINESS WIRE ) -- Aug . 9 , 2021-- Kosmos Energy Ltd. ( " Kosmos " or the " Company " ) ( NYSE : KOS ) announced today its financial and operating results for the second quarter of 2021. For the quarter , the Company generated a net loss of $ 57 million , or $ 0.14 per diluted share . When adjusted for certain items that impact the comparability of results , the Company generated an adjusted net loss ( 1 ) of $ 10 million , or $ 0.03 per diluted share for the second quarter of 2021 . SECOND QUARTER 2021 HIGHLIGHTS • Net Production ( 2 ) : 51,600 barrels of oil equivalent per day ( boepd ) with sales of 66,200 boepd , resulting in a slight net overlift position • Post quarter end , successful completion of the Greater Tortue Ahmeyim ( GTA ) floating production , storage and offloading vessel ( FPSO ) sale and lease back transaction • Successful reserve - based lending ( RBL ) amendment and extension • Revenues : $ 384 million , or $ 63.80 per boe ( excluding the impact of derivative cash settlements ) • Production expense : $ 116 million , or $ 19.24 per boe • General and administrative expenses : $ 22 million , $ 14 million cash expense and $ 8 million non - cash • Capital expenditures : o $ 68 million Base Business o $ 83 million Mauritania and Senegal • Net cash provided by operating activities : $ 289 million ; Free cash flow ( 1 ) : $ 115 million Commenting on the Company's second quarter 2021 performance , Chairman and Chief Executive Officer Andrew G. Inglis said : " Kosmos delivered strong free cash flow in the second quarter . Through further debt reduction and EBITDAX growth , we expect leverage to continue to reduce through year - end 2021 and into 2022 . With strong cash generation , the successful RBL extension and the recently completed GTA FPSO transaction , Kosmos ' financial position has materially improved and we remain well positioned to execute our remaining financing plans later this year . Operationally , we remain on track to grow production towards our year - end exit target of 60,000 boepd through our active infill drilling program . With cash generative assets , a solid financial position and rising production , Kosmos is well positioned to generate significant shareholder value through the second half of the year and into 2022. " FINANCIAL UPDATE In May 2021 , Kosmos successfully completed an amendment and restatement of the RBL facility in conjunction with the spring redetermination . The amendment extended the facility by two years , with a final maturity of March 2027 and reduced the facility size to $ 1.25 billion . The borrowing base was finalized , with a more conservative price deck , at approximately $ 1.24 billion with $ 1.0 billion outstanding as of June 30 , 2021 . The base business net capital expenditure for the second quarter of 2021 was approximately $ 68 million , in - line with Company guidance . Net capital expenditure related to Mauritania and Senegal in the second quarter was $ 83 million . Kosmos exited the second quarter of 2021 with $ 2.1 billion of net debt ( 1 ) and available liquidity of approximately $ 0.8 billion . The decrease in net debt in the quarter was primarily driven by increased cash generation from higher sales volumes and improving realized oil prices . OPERATIONAL UPDATE Production Total net production ( 2 ) in the second quarter of 2021 averaged approximately 51,600 boepd . Ghana Production in Ghana averaged approximately 21,900 barrels of oil per day ( bopd ) net in the second quarter of 2021. As forecast , Kosmos lifted three cargos from Ghana during the second quarter .