Howard Weil Energy Conference NYSE: KOS Brad Whitmarsh VP, Investor Relations bwhitmarshkosmosenergy.com March 2012
Delivering Success Differentiated, Proven Strategy Focus on finding new petroleum systems Excellent track record of exploration discovery and development Risk-Reward Value Opportunity Large existing discovered resource base Material…
Proven Business Approach Deliver superior results and outsized returns Focused Geologic Model Objective Find and develop large quantities of high-value barrels Kosmos Return New Ghana Strategy Ventures Exploration Focus on…
Attractive Portfolio of Opportunities Substantial defined growth profile with Big E upside Kosmos Asset Base Leading Positions in High-Potential Oil-Levered Basins in Africa and South America Existing Production and Cash Flows at…
Active 2012 Investment Plan Significant commitment and focus on exploration Anticipated 2012 Organic Program * Exploration & Appraisal (55%) 600MM Firm 9 well program 8 Ghana, 1 Cameroon - 5 appraisals testing resource upside - 4…
Ghana Asset Position Foundation of the company and platform for success Ghanas Golden Blocks West Cape Three Points 30.875% WI, operated by KOS Deepwater Tano 18% WI Basin-Opening Discovery at Jubilee Development Pipeline…
Jubilee: Basin-Opening Discovery World-class find and landmark development Jubilee Field: A Giant Reservoir (24.1%) Jubilee Discovery (2007) 600 MMboe to 1Bboe gross resources Unlocked Tano Basin petroleum system Generating high…
Progressing MTAB Discoveries Potential integrated development approach West Cape Three Points (30.875% WI) Teak (2011) Significant oil and gas condensate encountered in six reservoirs Teak-4 spud late 1Q 2012 likely followed by…
Upcoming TEN Development Near-term FPSO project sanction Deepwater Tano (18% WI) Enyenra (2010) Primarily oil encountered Static communication confirmed over 13 mile structure More oil than expected at Enyenra-4A Strong recent…
Acquisition of Additional DWT Interest Increases Deepwater Tano Interest from 18 to 22.05% Higher stake in next oil development offshore Ghana Greater exposure to meaningful 2012 exploration campaign Enhances Jubilee Field Share…
2012 Planned E&A Drilling Activity Significant Ghana program and first operated well in Cameroon 11
Cameroon Exploration Onshore extension of proven deepwater fairway Cameroon Acreage Position Ndian River Block Niger River Delta play Rio Del Rey 100% WI, operated by Kosmos Over 400K gross acres First prospect expected to…
Significant Exploration Program Multiple new prospects in Ghana and Cameroon Substantial Net Resource Exposure Ndian River - Cameroon Sipo expected to commence late 2012 - 150 Mmboe net unrisked 50 Percent Upside to Existing…
Morocco Exploration Two under-explored, frontier basins with large potential 14MM gross acres Portfolio Expansion Offshore Africa Agadir Basin Essaouira, Tarhazoute, and Foum Assaka licenses Cretaceous and sub-salt targets 4,800…
Agadir Basin Potential 6.4 MM gross acres new ventures success Overlooked & Underexplored Petroleum System Essaouira and Foum Assaka Blocks Foum Assaka (1.6MM gross acres) and Essaouira (2.9MM gross acres) 37.5% WI, operated by KOS…
Cap Boujdour Block 7.3 MM gross acres Multi-billion barrel potential A very large, unexplored Cretaceous river delta system 75% WI operated by Kosmos Multiple Play Opportunities And Prospect Dependency E W 16
Suriname Exploration Expansion of same geologic theme to a new geography Significant Position in an Emerging Area Blocks 42 and 45 Block 42 (1.5MM gross acres) and Block 45 (1.3MM gross acres) 100% WI, operated by KOS Late…
New Ventures: Finding More Oil Differentiated strategy and disciplined, repeatable exploration approach Petroleum System(s) Focus: Existing theme, existing geography expand in current areas Existing theme, new geography export…
Creating, Maximizing, and Delivering Value Early Stage of Success Phased, Long-Life Production at Jubilee Phase 1/1A expected to ramp up to plateau Progressing Next Developments Multiple discoveries on WCTP and DT Expect near-term…