NYSE: CIE www.cobaltintl.com Multiple Catalysts To Grow Shareholder Value November 2012
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…
West Africa Deepwater Pre-salt Cobalts Premier Position in Emerging World-Class Oil Basins Angola Cobalt Licenses Gabon Gabon 36 20 37 Diaba 21 8 38 22 39 23 9 Angola 0 100 0 50 24 Kilometers 40 Kilometers Angola,…
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…
North Kwanza Pre-salt Basin Plan Cobalt is the frontrunner in this Cobalt Licenses Gabon emerging basin 19 Plan to fully exploit this advantage by 35 2014 Angola 2012 2014 36 20 Angola Complete Cameia 2 production test 37…
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 Mango Loengo DST Mavinga Lontra Baleia 1A Discovery Bicuar (1996) Cameia 1 Maersk Azul 1 Discovery…
Cobalts Premier Gulf of Mexico Position Emerging World-Class Inboard Lower Tertiary Trend Coupled with Assets in Proven Miocene Rum Ramsey Racer North Platte 1 Heidelberg 1 Heidelberg 3ST Cobalt Prospects Miocene Inboard Lower…
Cobalt has a Dominant Position in the Emerging Inboard Lower Tertiary Trend Cobalt Leases Pending award from BOEM (Lease Sale 222) North Platte 1 Cobalt Discovery Williams Fork Latvian Cobalt Prospects Fraser Cobalt Successful…
Inboard Lower Tertiary: Large Sub-salt Structures on Trend with Shenandoah and Industry Discoveries Cobalt Appraisal Shenandoah 2 Drilling Industry Cobalt Cobalt Cobalt Cobalt Industry Cobalt DISCOVERY Prospect Prospect Prospect…
North Platte: Most Significant Exploration Well Being Drilled in GOM (2012) Cobalt Leases North Platte prospect spud 3Q 2012; well Cobalt Prospects results expected in 4Q 2012 Cobalt Upcoming Currently Drilling Well North Platte…
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 Recent 3-D WAZ seismic and…
Aegean Prospect: Highly Sought After Prospect in 2008 Lease Sale 162 163 Inboard Lower Tertiary target across Aegean multiple blocks; 3-way structural closure 207 PTD: 35,000 ft. Cobalt Leases Cobalt Prospect Cobalt 37.5%…
Ardennes Prospect: Dual Targets Ardennes Cobalt 42% (Operator) COP 30% TOTAL 28% Miocene and Inboard Lower Tertiary targets Cobalt Leases Cobalt Prospect PTD: 36,000 ft. Cobalt Upcoming Well Spud date: 3Q 2013 2 miles EP…
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: Currently Maturing 2014-2016 Drilling Program Rocky Mountain North Sulu Platte 1 Saddlebred Postman Latvian Mulashidi Fraser Miocene Goodfellow Inboard Lower Tertiary Cobalt Leases Williams Fork Cobalt…
Gulf of Mexico: Cobalt is Active Across the Value Chain Huge optionality in portfolio over next 24 months Leveraged cost exposure as a result of TOTAL alliance Dominant position in emerging Inboard Lower Tertiary play Significant…
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 Aegean Ardennes Partner Operated Heidelberg…
Multiple Catalysts to Grow Shareholder Value Enviable oil focused portfolio Extraordinary value potential via multiple catalysts Operating control; Material working interests Diverse and deep prospect inventory with unique…
NYSE: CIE www.cobaltintl.com Investor Relations Contact: R. A. (Rich) Smith VP, Investor Relations & Planning Office: +1 713-579-9141 Cobalt International Energy, Inc. Cobalt Center 920 Memorial City Way, Suite 100 Houston,…