Kosmos Energy Ltd. has entered into two farm-in agreements, whereby Kosmos is acquiring an interest in multiple blocks in the prospective Porcupine Basin, offshore the west coast of Ireland. The farm-in agreements were executed with Antrim Energy Inc. ('Antrim') covering Licensing Option 11/5 and with Europa Oil & Gas (Holdings) plc ('Europa') covering Licensing Options 11/7 and 11/8.

Per the agreement with Antrim, Kosmos is acquiring a 75 percent participating interest and operatorship in the approximately 1,410 square kilometer Licensing Option 11/5 in exchange for carrying the full costs of a planned 3D seismic program on the block. In addition, the Company will reimburse Antrim for a portion of previously-incurred exploration costs.

Kosmos is also acquiring an 85 percent participating interest and operatorship in Licensing Options 11/7 and 11/8, an area totaling 2,000 square kilometers, in a separate agreement with Europa. According to terms of the agreement, Kosmos will fully fund a planned 3D seismic program on each block and will reimburse Europa for a portion of its previously-incurred exploration costs.

Tags: Antrim Energy Inc., Kosmos Energy