Kosmos Energy Ltd. (KOS) Finishes Its Semi-Annual Assessment of Reserve-Based Lending Facilities

Kosmos Energy Ltd. (NYSE:KOS) is one of the 7 best oil and gas penny stocks to buy according to analysts, supported by hedge fund interest and significant upside potential.

On October 1, 2025, Kosmos Energy Ltd. (NYSE:KOS) reported that it had finished its semi-annual assessment of reserve-based lending facilities. It verified that all financial covenants, including liquidity tests related to its 2027 notes, have been met and that the borrowing base exceeds the $1.35 billion facility size.

Additionally, Kosmos Energy Ltd. (NYSE:KOS) and Shell Trading Company recently completed a $250 million senior secured term loan facility. Of this amount, $150 million is available for withdrawal to redeem Kosmos 2026 unsecured notes partially, and the remaining $100 million is available until April 2026.

Moreover, on October 6, 2025, the $150 million will be redeemed. Simultaneously, Kosmos Energy Ltd. (NYSE:KOS) increased its oil hedging positions for 2026 and increased the total amount of hedged volumes to 8.5 million barrels at an average floor price of $66 per barrel.

Furthermore, Kosmos Energy Ltd. (NYSE:KOS) used recent increase in oil prices to improve its balance sheet and bolster downside protection in the face of commodity market volatility.

With offshore assets spread throughout West Africa, Kosmos Energy Ltd. (NYSE:KOS) is an oil and gas exploration and production company that specializes in deepwater fields. It is one of the best oil and gas penny stocks.

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