NYSE: CIE www.cobaltintl.com Value Creation Through Multiple Near Term Catalysts August 2013 Investor Presentation NYSE: CIE 1
Cobalt: Prolific Value Opportunity NYSE: CIE 3
Cobalt Vision Is Delivering Extraordinary Results Business Model Results Exploration-led Shareholder Return* First mover in basins with large value potential 2012 through current: 51% Identify trends early 2011 through current:…
Dominant Positions In Two New Exploration Trends Deepwater West Africa Pre-salt Play major new trend; Cobalt discoveries prove regional geology 1,841,000 net acres covering 4 blocks (3 in Angola, 1 in Gabon) 3 operated Angola blocks…
2013: A Unique Opportunity Set Timing of Anticipated Results 2013 Results Announced Second Half 2013 First Half 2014 Shenandoah Appraisal (GOM) Lontra (Angola) Bicuar (Angola) Confirms Inboard Lower Greater than billion barrel…
Proving the Pre-salt Potential Offshore West Africa NYSE: CIE 7
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…
Diaman Discovery: Gabons First Deepwater Pre-salt Play Opener Diaman 1 W Discovery E Gabon Post-Salt Rabi-Kounga Salt Salt Angola 940 MMBOE GABON Diaba Elf Maruba 2 Cobalt 21.25% 1982 discovery 1,250 BOPD in Pre-salt…
Cobalts 2013 Pre-salt Exploration Program in Angolas Kwanza Basin Blocks 9, 20, 21 Cobalt 40% Baleia (Operator) Lontra 1 20 Kwanza Pre-salt play proven by Baleia 1A Discovery ANGOLA outstanding results of Cameia 1 and (1996)…
Large Pre-salt Structures on Trend with Cameia Catarina Rig Ocean Confidence Rig Baleia 1A Lontra 1 Golfinho Mavinga 1 Cameia 1 Cameia 2 Bicuar Mobil (1996) Cobalt Cobalt Cobalt Cobalt Cobalt Cobalt DISCOVERY PROSPECT DISCOVERY…
Lontra Prospect: In a League of Its Own Baleia Lontra 1 Baleia 1A Discovery 3D seismic has confirmed Lontra as a (1996) super-size prospect Block 20 Cobalt 40% (Operator) Lontra appears to be the largest 4-way Golfinho Block…
Mavinga and Bicuar Prospects: Offsets to Cameia Discovery W Mavinga 1 E Post-Salt Mavinga Prospect Well results expected Block 21 second half 2013 Cobalt 40% Mavinga 1 Salt (Operator) Cameia 1 look-alike Cameia 1 Discovery…
Uniquely Positioned in the Deep-water Gulf of Mexico NYSE: CIE 14
Cobalts Proven Inboard Lower Tertiary Geologic Model Cobalt geologic model Potential for thick ponded reservoirs located up-dip closer to the Paleo Delta System Paleo Delta Optimally positioned for improved reservoir and fluid…
Extensive Running Room in Cobalt Dominated Inboard Lower Tertiary Trend Rum Ramsey Cobalt 24% Latvian Early and focused acreage Williams Fork Cobalt 28.7% North Platte Cobalt 60% Racer Cobalt 24% capture by Cobalt in 2006…
North Platte 1: An Important Inboard Lower Tertiary Play Confirmation Cobalt: 60% (Operator) Cobalts first operated Inboard Lower North Platte 1 Tertiary discovery; drilled on Cobalts first-ever leases acquired in 2006 GOM Lease…
Shenandoah: A Potential Giant in the Inboard Lower Tertiary Play Cobalt: 20% Shenandoah 1 Operator: Anadarko Shenandoah 1 Discovery (2009) encountered more than 300 ft. of net oil pay Shenandoah 2R Appraisal encountered more than…
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…
Advancing Discoveries to Production NYSE: CIE 20
Advancing Discoveries to Production Five significant discoveries creates options; multiple alternatives to be considered High-grade assets Cobalt's exploration program has Explore divestment opportunities yielded five…
Heidelberg Development Sanctioned; First Oil in 2016 Garden Banks Green Canyon Cobalt 9.375% 80,000 BOPD capacity floating truss spar Operator: Anadarko facility with sub-sea wells Heidelberg 1 Heidelberg 1 discovery (2009)…
Cameia: Advancing the Mound First Development Project Possible Cameia Subsequent Development Block 21 Estimate first production in 2017 assuming project sanctioned in 2014 Mound First Development 100,000 BOPD capacity leased FPSO…
Shenandoah and North Platte: Two Material Inboard Lower Tertiary Fields Shenandoah North Platte Currently evaluating the impact of Acquiring new state-of-the-art 3D the results from the Shenandoah 2R development seismic across the…
Financially Positioned to Deliver Extraordinary Opportunity NYSE: CIE 25
The Financial Strength to Execute a Prolific Opportunity Set By Region 2.3 Billion West Africa GOM 2013 Estimated Cash Expenditures: 750MM 900MM Exploration Appraisal & Development 6/30/2013 Restricted and…
2013: Exceptional Exposure to High Impact Exploration and Development Remaining 2013 activity is fixed Drill 5 material wells in two high potential deepwater basins GOM Inboard Lower Tertiary: Aegean 1 Angola Pre-salt: Mavinga 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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