Investor Presentation May 2013 BRAD WHITMARSH Investor Relations 214.445.9772 bwhitmarshkosmosenergy.com
Compelling Value Proposition Asymmetric risk / reward opportunity World-Class Assets in Ghana Significant, de-risked and visible production and cash flow growth Long-term production plateau with potential further increases at Jubilee…
Proven and Disciplined Business Strategy Focus on high-volume, high- value petroleum systems Investor Presentation May 2013 3
High Quality, Oil-Levered Portfolio Meaningful production growth with transformational upside Ghana Asset - Tano Basin Petroleum System West Africa Transform Margin Cretaceous play Significant long-term production and de- risked…
Ghana - Tano Basin Petroleum System Foundation of the Company and platform for future growth World-class Jubilee Field Outstanding reservoir performance Long-life production plateau Debottlenecking opportunities to expand facility…
Jubilee Field World-class find and landmark development Discovery Mid-2007, First Oil Late 2010 Strong Reservoir and Field Performance 600 MMBbl +, dependent on ultimate recovery Successful acid stimulation program enhanced Phase…
Greater Jubilee Area Potential Substantial long-term production and cash flow to Kosmos Multi-year Production Plateau Anticipated Long-life profile supported by additional development at Jubilee and MTA resources Focus on…
Second Major Offshore Project Defined production growth at Greater TEN area FPSO Plan of Development Submitted Pmean 360 MMBoe for TEN fields with approximately 70% oil Targeted Initial Capacity of 80 MBpd, Gross Flexible and…
Opening the Next Major Petroleum System Expanding and optimizing portfolio of opportunities Atlantic Margin Focus First mover into NW Africa pre-salt (Morocco) Initial entry into NE Latin America (Suriname) Re-entry into West…
Rio Del Rey Petroleum System Cameroon near-term drilling opportunity Extension of a Proven Offshore Play Deepwater Tertiary trend onshore Analogous to 1BBoe Alba oil and natural gas condensate field offshore Built Substantial…
Rio Del Rey Petroleum System Near-term drilling opportunity with upside Extension of a Proven Offshore Play Toe-thrust anticline prospect Proven oil shows in nearby location Sipo-1 Prospect Drilling operations ongoing 150 MMBoe…
NW Africa Petroleum Systems Morocco overlooked frontier opportunity with meaningful potential Two High-potential Petroleum Systems Offshore Agadir and Aaiun Basins Equivalent to over 2,300 GOM blocks Aggressively Advancing Plans…
Offshore Agadir Basin Petroleum System First mover in NW Africa pre-salt play Only Undrilled Salt Basin in South Atlantic Margin All petroleum system elements present Play diversity and prospect dependency Quickly advancing seismic…
Offshore Aaiun Basin Petroleum System Cap Boujdour game-changing exploration potential Substantial Undrilled Cretaceous Delta Similar in size to Niger Delta Multiple independent play concepts Combination stratigraphic traps and…
Offshore Mauritania Petroleum System Mauritania core geologic theme in same geography Upper Cretaceous Play Concept Second-cycle exploration opportunity Untested position down-dip in a proven basin Significant industry…
Suriname Guyana Petroleum System Suriname expansion of core geologic theme across the Atlantic Premier Position in Proven Basin Tambaredjo oil field charged by deepwater Cretaceous kitchen Attracted Chevron as industry partner…
Ireland Porcupine Basin Core Cretaceous stratigraphic play in Atlantic Margin Underexplored & Proven Petroleum System Primary source rock Jurassic in age Nearby existing oil and gas discoveries Cretaceous-age reservoirs largely…
Exploration Drilling Calendar Rifle-shot exploration - multiple petroleum system tests annually Note: Ireland pending assignment as Frontier Exploration License. Investor Presentation May 2013 18
Robust Financial Capacity Fully funded to execute forward exploration and development Conservative Capital Structure with Liquidity(1) Of 1.1 Billion as of 1Q 2013 Substantial Annual Cash Flows Anticipated sales of nine Jubilee…
2013 Capital Program Investments Disciplined approach to growth Sustaining and Expanding Production Implementing Phase 1A at Jubilee Debottlenecking Jubilee for upside Initial spending for TEN development Maturing Exploration…
Differentiated Investment Opportunity Asymmetric risk / reward opportunity World-Class Ghana Assets Underpin Substantial Value Significant, de-risked production and cash flow growth Long-term production plateau at Jubilee…
Investor Presentation May 2013 23
Value Creation in Deepwater Exploration Focus on high-volume, high- value petroleum systems Kosmos Strategic Focus Note: Information from September 2012 Bernstein Research Report Investor Presentation May 2013 24
Early Mover in Morocco KOS Captured Cap Boujdour in Chevron 2006 and Agadir Basin in 2011 Plains Other Deepwater Industry Entry Chevron Total (2012) Cairn Genel GALP (2012) Cairn, Genel Cairn (2012) GALP Genel (2012) Teredo…
Mauritania KOS & Competitor Update KOS Captured Blocks C8, C12, C13 Chariot in 2012 Dana Other Deepwater Industry Entry Dana (1999) Tullow Tullow (2011) Total (2012) Total Chariot (2012) Planned Near-term Activity Multiple…
Suriname KOS & Competitor Update Anadarko KOS Captured Blocks 42 and 45 in 2011 Exxon, Shell Murphy Tullow Other Deepwater Industry Entry Repsol Tullow (2007) CGX Shell, Total, Exxon (2008) Apache Tullow Shell (2009) Murphy…
Serial Oil Finders Who Create Value Explorers with a long track record of super-major discoveries Differentiated Strategy in Overlooked, Forgotten Petroleum Systems Multi-Decade, Proven Track Record of Discovery and Development 1990…
Oil Developers Who Maximize Value History of achieving first oil safely and efficiently Oil Development Records Led by KOS Management Team Jubilee Development Brought On-line in Half the Industry Average Time Major West African…
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