NYSE: CIE www.cobaltintl.com Operational Update May 1, 2014 NYSE: CIE MAY 2014 OPERATIONAL UPDATE 1
DST Confirms Reservoir Quality and Production Capability of Massive Orca Oil Discovery Orca oil discovery conservatively estimated 400 - 700+ MMBO(1) Manhattan, New York Largest Pre-salt oil discovery in the Kwanza Basin to date 2…
High Margin Exploration and Appraisal Continues in the Gulf of Mexico Two exploration and two appraisal wells to Heidelberg development drilling begins midyear be drilled in 2014 Lease sale participation underscores Continued North…
Maintaining a Strong Balance Sheet to Pursue Exploration and Development 2014 Estimated Cash Balance Expenditures Shifting Toward Appraisal (B) & Development 1.8 0.75 0.85 (MM) 2013 2014 0.15 0.20 0.75 0.90 880 750-850…
NYSE: CIE www.cobaltintl.com Investor Relations: +1 713-452-2322 Cobalt International Energy, Inc. Cobalt Center 920 Memorial City Way, Suite 100 Houston, TX 77024 Main: +1 713-579-9100 NYSE: CIE MAY 2014 OPERATIONAL…