NYSE: CIE www.cobaltintl.com Value Creation Through Multiple Near Term Catalysts May 2013 Investor Presentation NYSE: CIE 1
Cobalt: Prolific Value Opportunity NYSE: CIE 3
Cobalt Vision Is Delivering Extraordinary Results Business Model Exploration-led First mover in basins with large Results value potential Shareholder Return Identify trends early 2012 through current: 67% Low entry cost 2011…
Dominant Positions In Two New Exploration Trends Deepwater West Africa Pre-Salt Play major new trend; Cobalt discovery proves regional geology 1,841,000 net acres covering 4 blocks (3 in Angola, 1 in Gabon) 3 operated Angola blocks…
2013: A Unique Opportunity Set Timing of 2013 Anticipated Results Results Announced Second Half Year-End Shenandoah Appraisal Lontra (Angola) Bicuar (Angola) (GOM) Greater than billion barrel potential Deeper pre-salt primary…
Uniquely Positioned in the Deep-water Gulf of Mexico NYSE: CIE 7
Cobalts Proven Inboard Lower Tertiary Geologic Model Cobalt geologic model Potential for thick ponded reservoirs located up-dip closer to the Paleo Delta System Paleo Delta Optimally positioned for improved reservoir and fluid…
Extensive Running Room in Cobalt Dominated Inboard Lower Tertiary Trend Rum Ramsey Cobalt 24% Early and focused acreage Williams Fork Latvian capture by Cobalt in 2006 Cobalt 60% Racer Cobalt 28.7% North Platte Cobalt 60%…
North Platte 1: An Important Inboard Lower Tertiary Play Confirmation Cobalt: 60% (Operator) North Platte 1 Cobalts first operated Inboard Lower Tertiary discovery; drilled on Cobalts first- ever leases acquired in 2006 GOM Lease…
Shenandoah: A Potential Giant in the Inboard Lower Tertiary Play Cobalt: 20% Shenandoah 1 Operator: Anadarko Shenandoah 1 Discovery (2009) encountered more than 300 ft. of net oil pay Shenandoah 2R Appraisal encountered more than…
Cobalt's 2013 Operated Inboard Lower Tertiary Exploration Catalysts Cobalt 42% North Platte (Operator) Cobalt 60% (Operator) Cobalt 37.5% (Operator) Ardennes 1 0 3 mi Aegean 5 km 0 3 mi Shenandoah 5 km Cobalt 20% Cobalt…
Proving the Pre-salt Potential Offshore West Africa NYSE: CIE 13
Cobalt: Leading West Africa Pre-salt Exploration and Development GABON First Mover in proving and developing Pre-salt CONGO play potential in the deepwater offshore West Diaba BRAZZAVILLE Africa (Angola and Gabon) Large acreage…
Cobalts 2013 Pre-salt Exploration Program in Angolas Kwanza Basin Blocks 9, 20, 21 Cobalt 40% Baleia (Operator) Lontra 1 20 Baleia 1A ANGOLA Kwanza Pre-salt play proven by outstanding results of Cameia 1 and Discovery (1996)…
Large Pre-salt Structures on Trend with Cameia Catarina Rig Ocean Confidence Rig Baleia 1A Lontra 1 Idared Mavinga 1 Cameia 1 Cameia 2 Bicuar Mobil (1996) Cobalt Cobalt Cobalt Cobalt Cobalt Cobalt DISCOVERY PROSPECT DISCOVERY…
Lontra Prospect: In a League of Its Own Baleia Lontra 1 Baleia 1A Discovery 3D seismic has confirmed Lontra as a (1996) super-size prospect Block 20 Cobalt 40% (Operator) Lontra appears to be the largest 4-way Idared Block 21…
Mavinga and Bicuar Prospects: Offsets to Cameia Discovery W Mavinga 1 E Post-Salt Mavinga Prospect Well results expected Block 21 second half 2013 Cobalt 40% Mavinga 1 Salt (Operator) Cameia 1 look-alike Cameia 1 Discovery…
Diaman Prospect: Gabons Deepwater Pre-salt Potential Play Opener W Diaman 1 E Gabon Post-Salt Rabi-Kounga Salt Salt Angola 940 MMBOE GABON Diaba Elf Maruba 2 Cobalt 21.25% 1982 discovery 1,250 BOPD in Pre-salt Basement…
Advancing Discoveries to Production NYSE: CIE 20
Advancing Discoveries to Production Success creates options; multiple alternatives to be considered High-grade assets Cobalt's exploration program has Explore divestment opportunities yielded four significant discoveries…
Heidelberg Development Sanction Expected by Mid-Year; First Oil in 2016 Garden Banks Green Canyon Cobalt 9.375% 80,000 BOPD capacity floating truss Operator: Anadarko spar facility with sub-sea wells Heidelberg 1 Keathley Canyon…
Cameia: Advancing the Mound First Development Project Possible Cameia Subsequent Development Project sanction expected in 2014 Block 21 Mound First 100,000 BOPD capacity leased FPSO Development operated by third party 3-4…
Shenandoah and North Platte: Two Material Inboard Lower Tertiary Fields Shenandoah North Platte Currently evaluating the impact of Acquiring new state-of-the-art 3D the results from the Shenandoah 2R development seismic across the…
Financially Positioned to Deliver Extraordinary Opportunity NYSE: CIE 25
The Financial Strength to Execute a Prolific Opportunity Set By Region 2.5 Billion West Africa GOM 2013 Estimated Cash Expenditures: 750MM 900MM Exploration Appraisal & Development 3/31/2013 Restricted and…
2013: Exceptional Exposure to High Impact Exploration and Development 2013 activity set is fixed Drill 8 material wells in three high potential deepwater basins GOM Inboard Lower Tertiary: Shenandoah Appraisal, Ardennes 1, Aegean 1…
NYSE: CIE www.cobaltintl.com Investor Relations Contact: R. A. (Rich) Smith Vice President Investor Relations Office: +1 713-579-9141 Cobalt International Energy, Inc. Cobalt Center 920 Memorial City Way, Suite 100 Houston,…
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