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May 16, 2011

His Excellency Ambassador Daniel Ohene Agyekum rings opening bell at the New York Stock Exchange to Celebrate the Initial Public Offering (IPO) of Kosmos Energy


On Friday, May 13, 2011, His Excellency Daniel Ohene Agyekum, Ambassador of the Republic of Ghana to the United States of America, visited the New York Stock Exchange to ring the opening bell in celebration of Kosmos Energy’s Initial Public Offering (IPO). Kosmos Energy began trading on May 11, 2011, under the ticker symbol “KOS” after raising $594 million in gross proceeds.

 

The Ambassador, at a separate event before the IPO Ceremony, expressed his excitement at the opportunity to be on the stage of the New York Stock Exchange, to ring the ceremonial bell for the IPO of Kosmos Energy, now trading as KOS.

 He indicated that the IPO would raise additional capital for the exploration and operations of the Jubilee Field of Ghana and Kosmos had demonstrated its commitment to the development of Ghana’s oil industry, and confidence in the country’s economic advancement.  This reflects on the sound partnership and good relations that Kosmos enjoys with Ghana.

 He was hopeful that the historic event would encourage other American and international investors to explore the vast potential of Ghana’s natural and human resources and its strategic place as a Gateway to the West African market.  The Ambassador disclosed that the government of Ghana had established the legal and regulatory framework to enable sustainable growth in the oil and gas sector.  The government polices are defined by accountability, transparency and rule of law.  

 The Ambassador emphasized that under the leadership of His Excellency, Professor John Evans Atta Mills, Ghana, as a nation, is committed to ensuring that these new resources will be judiciously invested and provide for the needs of current and future generations. 

 He further emphasized that the government of Ghana looks forward to a continued and long-term partnership with Kosmos.

 Source:  info@ghanaembassy.org