NYSE: CIE www.cobaltintl.com Multiple Catalysts To Grow Shareholder Value January 2013
Cobalt Our Story Enviable oil focused portfolio Extraordinary value potential via multiple catalysts Operating control; Material working interests Diverse and deep prospect inventory with unique follow-on potential Leadership and…
Angolas (Kwanza) Pre-salt Leader Cobalt Licenses 40% (Operator) 3D Expl. Seismic Gabon Cobalt is the frontrunner in this 3D Dev. Seismic emerging basin 19 Baleia Plan to fully exploit this advantage by 35 Lontra 2014 20…
Cobalt has Proven: The North Kwanza Pre-salt Basin has World-Class Potential Salt layer is a competent seal Has been proven effective in virtually all Pre-salt penetrations Robust hydrocarbon generation potential Indications of oil…
The Cameia Story Cameia 1 Cameia 2 Oil confirmed by production Oil confirmed by log or oil sample Post Salt Oil recovered 144 m Untested Potential below base of Cameia 1 Seal Salt Super-Pay Reservoir Salt Lowest Known Oil…
North Kwanza Basin: Large Pre-salt Structures on Trend with Cameia 1 Discovery Industry DISCOVERY Cobalt Cobalt Cobalt Cobalt Cobalt Cobalt Baleia 1A Prospect Prospect Prospect DISCOVERY APPRAISAL Prospect Mobil (1996) Lontra…
Gabon Diaba: Huge Pre-salt Potential Large Structures Cobalt License Pre-salt Discoveries Cobalt Prospects Pre-salt play proven onshore and near Industry Pre-salt Discovery shore Cobalt Upcoming Well Rabi-Kounga Cobalt has…
West Africa Pre-salt: Cobalt is Active Across the Value Chain Block 9 Denden 1 Baleia (1983) Block 20 Block 21 Diaba 800 BOPD Diaman Loengo DST Mavinga Lontra Baleia 1A Discovery Bicuar (1996) Cameia 1 Maersk Azul 1 Discovery…
Cobalts Premier Gulf of Mexico Position World-Class Inboard Lower Tertiary Trend Coupled with Assets in Proven Miocene Rum Ramsey North Platte 1 Racer Heidelberg Cobalt Prospects Miocene Inboard Lower Tertiary Ardennes Cobalt…
North Platte 1 - Significant Exploration Discovery in the Emerging Inboard Lower Tertiary Play Cobalts first operated Inboard Lower Tertiary discovery 160 miles from Louisiana coast line Cobalt Leases Several hundred feet of net…
Extensive Running Room in Cobalt Dominated Inboard Lower Tertiary Trend Cobalt Leases Cobalt Discovery North Platte 1 Racer Latvian Cobalt Prospects Fraser Cobalt Successful Well Cobalt Currently Drilling Shenandoah 1 Williams…
Inboard Lower Tertiary - Large Sub-salt Structures on Trend with our North Platte, Shenandoah and Industry Discoveries Cobalt Appraisal Shenandoah 2 Drilling Industry Cobalt Industry Cobalt Cobalt Cobalt Cobalt Cobalt Prospect…
Shenandoah: Appraisal of Initial Inboard Lower Tertiary Discovery Shenandoah 1 Shenandoah Discovery (2009) Encountered more than 300 ft. of net oil Shenandoah 2 pay in Inboard Lower Tertiary reservoir Cobalt Leases Recent 3-D…
Ardennes Prospect: Dual Inboard Lower Tertiary and Miocene Targets Ardennes Ardennes prospect spud expected in Cobalt 42% (Operator) February 2013; well results COP 30% TOTAL 28% expected 3Q 2013 Miocene and Inboard Lower…
Aegean Prospect: Midway between North Platte and Kaskida Discoveries North Platte discovery reduces Aegean 161 162 163 exploration risk Aegean Inboard Lower Tertiary target across multiple blocks; 3-way structural closure 207…
Heidelberg: Fast Tracking to First Production Cobalt Leases Discovered Resources Cobalt Successful Well Heidelberg 1 discovery (2009) encountered more than 200 ft. of net Anadarko 44.5%(Operator) Cobalt 9.375% Others 46.375%…
Gulf of Mexico: Multiple Prospects Currently Maturing for 2014-2016 Drilling Program Rocky Mountain North Sulu Platte 1 Saddlebred Postman Latvian Mulashidi Fraser Miocene Goodfellow Inboard Lower Tertiary Cobalt Leases…
Gulf of Mexico: Cobalt is Active Across the Value Chain Huge optionality in portfolio over next 18 months Leveraged cost exposure as a result of TOTAL partnership Exploration to Production Conveyor Belt in Full Motion Maturing…
People, Rigs, and Financing in Place to Implement Our Catalyst-Rich Drilling Program Region Operator (Rig) Prospect ( Drilled or Drilling) Gulf of Mexico Cobalt (Ensco 8503) North Platte Ardennes Aegean Partner Operated Heidelberg…
Balance Sheet Strength 2013 cash expenditures estimate - 750-900 MM 2.7 B 0.75 - 0.9 B Financing principles Minimize shareholder dilution Maximize flexibility 1.3B Dec 2012 1.8 - 2.0 B High-grade portfolio Convertible Note…
Cobalt Our Story Enviable oil focused portfolio Extraordinary value potential via multiple catalysts Operating control; Material working interests Diverse and deep prospect inventory with unique follow-on potential Leadership and…
NYSE: CIE www.cobaltintl.com Investor Relations Contact: R. A. (Rich) Smith Vice President Investor Relations & Planning Office: +1 713-579-9141 Cobalt International Energy, Inc. Cobalt Center 920 Memorial City Way, Suite…