NYSE: CIE www.cobaltintl.com Ensco 8503 - Gulf of Mexico Ocean Confidence - Angola Value Creation Potential Through Multiple Near Term Catalysts March 2013 Investor Presentation Catarina - Angola
Cobalt Vision is Delivering Extraordinary Results Business Model Exploration-led Results First mover in basins with large value Shareholder Return potential 2012 through current: 64% Identify trends early Low entry cost Approach…
Dominant Position in Two New Prolific Exploration Basins 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…
2013: A Unique Opportunity Set Timing of 2013 Anticipated Results 1Q Mid-Year Year-End Shenandoah Appraisal Lontra (Angola) Bicuar (Angola) (GOM) Greater than billion barrel Deeper Pre-salt primary Confirms Inboard Lower potential…
Cobalts Proven Inboard Lower Tertiary Geologic Model Initial barriers of technology limits and salt masked the trend potential for industry Cobalt geologic model - optimum area for improved reservoir and fluid quality plus potential…
Extensive Running Room in Cobalt - Dominated Proven Inboard Lower Tertiary Trend North Platte and Shenandoah discoveries prove Cobalts Inboard Lower Tertiary geologic model; Shenandoah appraisal expands scale Rum Ramsey Cobalt 24%…
North Platte 1: An Important Inboard Lower Tertiary Play Confirmation Cobalt Leases Cobalt Discovery Cobalt Prospects Cobalt Successful Well Cobalts first operated Inboard Lower North Platte 1: 550 ft. of net pay Tertiary…
Shenandoah: A Potential Giant in the Inboard Lower Tertiary Play Cobalt Leases Discovered Resources Untested Potential Shenandoah 1 Discovery (2009) Cobalt Successful Well encountered more than 300 ft. of net oil pay…
Cobalt's 2013 Operated Inboard Lower Tertiary Exploration Catalysts Cobalt Leases Cobalt Prospect North Platte Cobalt Upcoming Well Cobalt 60% (Operator) Cobalt Currently Drilling Cobalt 42% (Operator) COP 30% TOTAL 28%…
Cobalt: Leading West Africa Pre-salt Exploration and Development Gabon First Mover in proving and developing Pre- CONGO salt play potential in the deepwater offshore Diaba BRAZZAVILLE West Africa (Angola and Gabon) Large acreage…
Keys to Cobalts Angola Pre-salt Success Cobalts early identification of West Africa Pre- salt play potential (prior to Tupi) Geologic model developed through large data Cabo Ledo capture and proprietary interpretation High…
Cobalts 2013 Pre-salt Exploration Program in Angolas Kwanza Basin Cobalt Licenses Cobalt Discovery 19 35 Cobalt Prospects Baleia 6 Industry Discovery 2-rigprogram; Ocean Cobalt Successful Well Lontra Cobalt Upcoming Well 20…
Large Pre-salt Structures on Trend with Cameia Industry Catarina Rig* Ocean Confidence Rig DISCOVERY Cobalt Cobalt Cobalt Cobalt Cobalt Cobalt Baleia 1A Prospect Prospect Prospect DISCOVERY APPRAISAL Prospect Mobil (1996) Lontra*…
Lontra Prospect: In a League of Its Own Lontra 1 Baleia W Lontra 1 E Baleia 1A Discovery (1996) Post-Salt Salt Block 20 Salt Cobalt 40% (Operator) Cobalt Licenses Basement Idared Cobalt Discovery Cobalt Prospects Mavinga…
Mavinga and Bicuar Prospects: Offsets to Cameia Discovery W Mavinga 1 E Mavinga Prospect: Cobalt Licenses Post-Salt Cobalt Discovery Well results expected Cobalt Prospects Cobalt Successful Well mid-year 2013 Salt Cobalt…
Diaman Prospect: Gabons Deepwater Pre-salt Potential Play Opener Cobalt License Pre-salt Discoveries Well Results Expected Mid-Year 2013 Cobalt Prospects Industry Pre-salt Discovery First mover in identifying Gabon deepwater…
Advancing Discoveries to Production: Deploy Resources to Highest Value Opportunities Success creates options; multiple Cobalt's exploration alternatives to be considered program has yielded four High-grade assets significant…
Heidelberg Development Sanction Expected by Mid-Year 2013; First Oil in Early 2016 Cobalt Leases Cobalt Resources Anadarko 31.5% (Operator) 80,000 BOPD capacity floating Cobalt Successful Well Cobalt 9.375% Others 46.375% truss…
Cameia: Sanctioning the Super Pay First Development Project Cameia 1 Cameia 2 Cameia 2 lower reservoir DST Oil confirmed by production Oil confirmed by log or oil sample Post Salt 144 m Sanction of Cameia Super Pay Oil recovered…
Shenandoah and North Platte: Two Material Inboard Lower Tertiary Developments Shenandoah North Platte Currently evaluating the impact Acquiringnew state-of-the-art of the results from the 3D development seismic across Shenandoah 2R…
The Financial Strength to Execute a Prolific Opportunity Set 2.7 Billion West Africa GOM 2013 Estimated Cash By Region Expenditures: 750MM 900MM Exploration Appraisal & Development YE 2012E 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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