NYSE: CIE www.cobaltintl.com Ensco 8503 - Gulf of Mexico Ocean Confidence - Angola 2013 Value Creation Through Extraordinary Opportunities February 2013 Investor Presentation Catarina - Angola
Cobalt: Continuing to Execute a Proven Strategy Shareholder Value West Africa Pre-salt Exploration-led Play Oil dominant GOM Inboard Lower Deepwater, below salt Tertiary Play CIE Core competency model Large working interests…
2013: An Extraordinary Opportunity Set Timing of 2013 Anticipated Results 1Q Mid-Year Year-End Cameia DST (Angola) Lontra (Angola) Bicuar (Angola) Deeper interval test; Kwanza Greater than Billion BBL Deeper pre-salt primary Basin…
Financial Strength to Execute Prolific Opportunity Set 2.7 Billion West Africa GOM 2013 Estimated Cash By Region Expenditures: 750MM 900MM Exploration Appraisal & Development YE 2012E Restricted and Unrestricted By…
Leading Exploration and Development in Angolas Kwanza Basin Pre-salt Play Cobalt Licenses 19 Cobalt Discovery 35 Cobalt Prospects Baleia 6 Industry Discovery Cobalt Successful Well Cobalt Upcoming Well Lontra 20 Baleia 1A…
Cameia 2013: Deeper Interval Test and Sanctioning the Super Pay First Development Cameia 1 Cameia 2 Oil confirmed by production Oil confirmed by log or oil sample Untested Potential Post Salt Oil recovered 144 m Cameia 2 lower…
Lontra Prospect: In A League of Its Own Lontra 1 Baleia W Lontra 1 E Baleia 1A Discovery (1996) Post-Salt Salt Block 20 Cobalt 40% Salt (Operator) Cobalt Licenses Basement Idared Cobalt Discovery 0 15 Cobalt Prospects Miles…
Mavinga & Bicuar Prospects: Offsets to Cameia Discovery W Mavinga 1 E Mavinga Prospect: Cobalt Licenses Post-Salt Mavinga 1 well Cobalt Discovery Cobalt Prospects results expected mid- Cobalt Successful Well year 2013 Cobalt…
Diaman Prospect: Gabons First Deepwater Pre-salt Play Opener Cobalt License Well results expected mid-year 2013 Pre-salt Discoveries Cobalt Prospects First mover in identifying Gabon Pre-salt potential Industry Pre-salt Discovery…
Extensive Running Room in Cobalt-Dominated Proven Inboard Lower Tertiary Trend Texas Louisiana North Platte 1 Rum Ramsey Inboard Williams Fork Lower Latvian Tertiary Racer Fraser Shenandoah 1 Outboard (2009) Lower…
North Platte 1: Significant Exploration Discovery Confirms the Inboard Lower Tertiary Play Cobalts first operated Inboard Lower Tertiary discovery Several hundred feet of net oil pay logged 0 10 in multiple Inboard Lower Tertiary…
Shenandoah 2: Appraising Initial Inboard Lower Tertiary Discovery Shenandoah 1 Shenandoah 2 appraisal well results expected in 1Q 2013 0 10 Miles Shenandoah 2 Appraise down dip extent of discovered reservoir and evaluate…
Ardennes Prospect: Dual Objectives Inboard Lower Tertiary and Miocene Targets Cobalt 42% (Operator) COP 30% TOTAL 28% Well results expected mid-year 2013 Ardennes 0 10 Miles Miocene and Inboard Lower Tertiary targets across…
Aegean Prospect: Midway Between North Platte and Kaskida Inboard Lower Tertiary Discoveries Wellresults expected by year end 2013 0 10 Miles Aegean NorthPlatte discovery further reduces Aegean exploration risk Cobalt Leases…
Heidelberg Development: Fast Tracking to First Production Cobalt Leases Anadarko 44.5% (Operator) Development sanction expected by Cobalt Resources Cobalt 9.375% Others 46.375% mid-year 2013; estimates first oil in Cobalt…
Advancing Discoveries to Production: Deploy Resources to Highest Value Opportunities Development Approach Financing Approach Phased, standardized, Multiple alternatives will be repeatable considered as appropriate Project specific…
2013: Exceptional Exposure to High Impact Exploration and Development Our 2013 program is underway We will drill 8 big wells in three globally recognized deepwater basins: GOM Inboard Lower Tertiary Shenandoah Appraisal, Ardennes 1,…
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…
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