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HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Mar 29, 2011 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 1
    Howard Weil Energy Conference March 29, 2011
  2. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 2
    Cobalts Founding (2005) Vision Strong long-term oil fundamentals Focus on worlds most prospective oil prone basins Large diversified portfolio required to mitigate exploration and political risks Access through lease sales or…
  3. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 3
    Cobalt 2011 11 Billion Barrels of Net Unrisked Potential Portfolio Characteristics Oil-prone, deepwater, below salt portfolio Focused entirely in two of the worlds most coveted exploration basins Portfolio that would be impossible…
  4. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 4
    Cobalts Exploration Process Always Starts With a Deep Regional Understanding Understanding that Brazils Campos Basin and Angolas Kwanza Basin were formed at the same time under identical conditions allows Cobalt to transfer…
  5. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 5
    Brazil and West Africa Pre-salt - A Single Geologic History and Setting Atlantic Rift 120 million years ago, the Whale Park Complex Gabon Recncavo Basin (Campos Basin, Brazil) and 2.6 Bbbl from equiv. Blocks 20 and 21 (Kwanza…
  6. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 6
    Location of Cobalts Kwanza Basin Blocks to Campos Basin Discoveries at Time of Deposition Atlantic Rift Brazil Baleia-1A (1996) Drilled on 2D data with the primary Whale Park Pre-salt objectives above salt 300 foot Pre-salt oil…
  7. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 7
    Cobalt the Early Mover in West Africa as Brazil Evolves Brazilian Pre-salt Activity Cobalt / West Africa Pre-salt Activity Initiated regional West Africa play analysis 2006 Licensed 200,000 line km of 2D seismic Petrobras begins…
  8. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 8
    In the West Africa Pre-salt, We Expect Multiple, Yet Distinct Pre-salt Intervals Angola Cross-section Well Illustrative Salt SALT Target Increasing Geologic Risk Intervals Key Uncertainty Base Salt Reservoir Quality…
  9. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 9
    Bicuar-1 Targets All Pre-salt Intervals Prospect characterization Objectives - All three Pre-salt intervals (Base Salt Closure, Carbonate Mound and Syn-Rift) Cobalt 40% working interest and operator; Bicuar-1 62.5% cost interest…
  10. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 10
    Cameia-1 Same Structural Ridge as Bicuar, Unique Prospect Objectives 4km Prospect characterization Objectives - Base Salt Closure, Carbonate Mound Cobalt 40% working interest and operator; Cameia-1 62.5% cost interest…
  11. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 11
    Angola Pre-salt License Round Likely One of the Most Significant Bid Rounds in History Pre-salt Blocks and Operators Named Cobalt License Angolas 2011 License Round Conditional Award Industry Existing License 11 Pre-salt blocks…
  12. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 12
    Block 20: A Continuation of Block 21s Structural Setting Baleia-1A (1996) Extensive north-south trending rifts with very large Pre-salt basement highs Lontra The Baleia-1A well confirmed a working Block 20 hydrocarbon system in…
  13. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 13
    Cobalts Pre-salt Prospect Inventory in Gabon - Characterized by Large Pre-salt Structures Gabon 0 50 Unexplored, deepwater Pre-salt block Kilometers In close proximity to large Pre-salt onshore field and offshore discovery…
  14. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 14
    Cobalts Gulf of Mexico Portfolio - Multiple Play Types, Numerous Oil Focused Prospects Miocene Trend Key leaseholder in established GOM play 25 identified Cobalt prospects* (includes Ligurian/Heidelberg discovery) Over 1 billion…
  15. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 15
    Current Perspective on the Gulf of Mexico Cobalt has actively pursued drilling permits for North Platte first and then Ligurian All submissions are currently with the BOEMRE We are not aware of any material deficiencies On…
  16. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 16
    Our GOM Lease Inventory A Source of Long-term Value 5th Largest Leaseholder in Deepwater GOM * Enviable Remaining Lease Tenure Current Blocks Current Blocks 400 400 BP Non-operated Operated 300 300 APC CVX STO Cobalt…
  17. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 17
    North Platte Cobalts First Operated Inboard Lower Tertiary Prospect Cobalt 60% (Operator) TOTAL 40% Prospect characterization Gross unrisked resources: 400 850 MMBOE* North Platte Cobalt 60% working interest; 20% cost interest**…
  18. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 18
    Ligurian / Heidelberg Cobalts Initial Miocene Discovery Tonga West Ligurian / Heidelberg discovery Discovery well (2009) encountered more than 200 of net oil pay in several high-quality Ligurian-2 Miocene sands Drilled in 5,000 of…
  19. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 19
    Strategic Relationships - A Key Element of Cobalts Business Model Unprecedented transaction in which a We aim to own Supermajor allows a young independent to fully operate a core global exploration region working interest and TOTAL…
  20. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 20
    Plans and Objectives of Cobalts Programs 2011 Plans Objectives Make billion barrel size discoveries; Angola Block 21 Drill Bicuar and Appraise discoveries*; (operated) Cameia prospects Mature and drill offset prospects Angola…
  21. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 21
    The Capital to Execute Our 2011 Program Cash Sources at YE 2010* 2011 Expenditures Range 1.4 1.6 Billion 180 350 MM** MM MM Up to 180 MM TOTAL Carry success-based (up to 375 MM) 195 MM existing Restricted Cash 340 MM 40 60…
  22. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 22
    Our Resource Base Continues to Increase DeGolyer & MacNaughton Assessment (Net Mean, BBOE) Dec. 09 Feb. 11 3P Reserves & Contingent 0.1 0.1 Resources GOM Increase in West Africa Unrisked Prospective 3.3 3.3 prospective…
  23. HOWARD WEIL ENERGY CONFERENCE – Cobalt International Energy, Inc. – slide 23
    Turning Our Vision into Shareholder Value We have completed the access phase of Cobalts Founding Vision with the addition of Angola Block 20 to our portfolio* We are now focused on the drill bit execution of our West Africa and…

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