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Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Sep 10, 2013 · 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. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Exploration Led Long Term Value Delivery September 2013 Investor Presentation NYSE: CIE 1
  2. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 2
    Founding Cobalt Vision Based on Exploration Led Value Delivery 2005 Today Solid Foundation: Proven Success: Continual Growth: Unique Deepwater Exploration Selective Developer of A Leading Exploration and Portfolio, Technology and Skills…
  3. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 3
    2013: A Transformative Year Shenandoah Appraisal Success Confirms significant discovery North Platte Discovery Very large discovery with high Cobalt working interest Diaman Discovery Confirms Gabon deepwater Pre-salt potential…
  4. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 4
    Dominant Positions in Proven Exploration Regions Deepwater West Africa 2 discoveries Pre-salt Play major new trend; Cobalt discoveries prove regional geology 1,360,000 net acres covering 3 Angola blocks 467,000 net acres covering 1…
  5. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 5
    Cobalts Exploration Led Strategy has Opened Three New Basins GOM Angola Gabon New Inboard Lower Tertiary Pre-Salt Pre-Salt Ventures Oil-focused 200+ MMBOE prospects SCORECARD GEOLOGIC Concentrated basin focus on like play…
  6. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 6
    Exceptional Track Record of Success Delivers Shareholder Value Deepwater Discoveries Provide Unique Shareholder Leverage MMBOE Net Estimated Deepwater Discoveries* MMBOE Net Estimated Deepwater Discoveries* 1,000 1,000 Cobalt Cobalt…
  7. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 7
    Robust Near Term Exploration and Development Activity Set Aegean Spud September 2013 Shenandoah Operator plans further appraisal activity North Platte Well permitting in progress Racer and Rum Ramsey Potential partner operated GOM…
  8. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 8
    Selective Development Provides Roadmap to First Oil Control the pace and approach of development 2014 2015 2016 2017 2018+ Maximize commercial and Heidelberg Development First Oil economic flexibility Standardized repeatable…
  9. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 9
    Portfolio Renewal Based on Proven Exploration Strategy Major Discoveries New Ventures Strategy Focus on new deepwater oil provinces U.S. Gulf of Mexico Early entry into areas with potential for multiple large material prospects…
  10. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 10
    Accessing Capital from an Increasingly Diversified Investor Base Cobalt Investor Base Mix New Public 28% 28% Investors 35% 48% Original Cobalts new public Sponsors 71% investor ownership expanded to 71% 100% Original sponsors…
  11. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 11
    The Financial Strength to Deliver this Opportunity Set By Region West Africa 2.3 Billion GOM 2013 Estimated Cash Expenditures: 750MM 900MM Exploration Appraisal & 6/30/2013 Development Restricted and Unrestricted…
  12. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 12
    Cobalt: Exploration Led Long Term Value Delivery Performance continues to validate our strategy 2013: A transformative year 5 material discoveries moving forward Expanded shareholder base Numerous near term exploration catalysts…
  13. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 13
    Prospect and Project Summary NYSE: CIE 14
  14. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 14
    Cobalt: Leading West Africa Pre-salt Exploration and Development First mover in proving and developing Pre-salt GABON play potential in the deepwater offshore West CONGO Africa (Angola and Gabon) Diaba BRAZZAVILLE Large acreage…
  15. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 15
    Large Pre-salt Structures on Trend with Cameia Catarina Rig Ocean Confidence Rig Baleia 1A Orca 1 Lontra 1 Lontra West Golfinho 1 Mavinga 1 Cameia 1 Cameia 2 Bicuar 1 (1996) Cobalt Cobalt Cobalt Cobalt Cobalt Cobalt Cobalt…
  16. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 16
    Lontra Prospect: In a League of Its Own Orca 1 Lontra 1 Baleia 1A 3D seismic has confirmed Lontra as a Block 20 Cobalt 40% (1996) super-size prospect (Operator) Lontra West Lontra appears to be one of the largest Golfinho 1…
  17. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 17
    Mavinga and Bicuar Prospects: Offsets to Cameia Discovery Mavinga 1 W E Mavinga Prospect Post-Salt Well results expected Block 21 second half 2013 Cobalt 40% Mavinga 1 (Operator) Salt Cameia 1 look-alike Cameia 1 Multiple…
  18. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 18
    Built-in Optionality with Regard to Next Prospect Drilled on Block 20 Lontra 1 Baleia 1A Orca 1 Lontra 1 Lontra West Golfinho 1 (1996) Cobalt Cobalt Cobalt Cobalt Orca 1 PROSPECT DRILLING PROSPECT PROSPECT N S N S N Blk 21 S…
  19. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 19
    Diaman Discovery: Gabons First Deepwater Pre-salt Play Opener Diaman 1 W Discovery E Gabon Post-Salt Rabi-Kounga 940 MMBOE Salt Angola Salt GABON Diaba Elf Maruba 2 Cobalt 21.25% 1982 discovery Operator: Total 1,250 BOPD in…
  20. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 20
    Cobalts Proven Inboard Lower Tertiary Geologic Model in the Gulf of Mexico Cobalt geologic model Potential for thick ponded reservoirs located up-dip closer to the Paleo Delta System Paleo Delta Optimally positioned for improved…
  21. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 21
    Extensive Running Room in Cobalt Dominated Inboard Lower Tertiary Trend Rum Ramsey** Cobalt 24% Low entry cost Williams Fork North Platte Latvian Racer 66% Cobalt success in new Cobalt 28.7% Discovery Cobalt 60% Inboard Lower…
  22. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 22
    Aegean: Cobalt 2013 Operated Inboard Lower Tertiary Exploration Catalyst Cobalt 60% (Operator) Aegean to spud Sept 2013 Well results expected first half 2014 Inboard Lower Tertiary target Cobalt 35% cost interest to 150MM Gross…
  23. Exploration Led Long Term Value Delivery – Cobalt International Energy, Inc. – slide 23
    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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