Cobalt International Energy, Inc. Asset Portfolio Large Cap E&P independent oil company, founded in 2005 Deepwater portfolio in the Gulf of Mexico and West Africa, focused on Subsalt oil and Pre-salt oil plays Comparable…
Cobalts Deepwater Oil Portfolio High-Materiality, Risk Diversified, Oil-Focused Portfolio 4 Cobalt International Energy, Inc. Company Presentation May 2012 NYSE: CIE www.cobaltintl.com
Premier Position established in a World Scale Oil Basin Angolas Kwanza Basin is emerging as a prolific Cobalt Licenses Industry License Pre-salt oil basin BP ENI 19 Operatorship of three coveted blocks 35 COP Cobalt…
Cameia - One of the Top Recent Worldwide Discoveries Cameia Cameia 1 1 Well Well Results Results 1200 1200 ft. ft. oil oil column column 900 900 ft. ft. Net Net Pay Pay (75% (75% net-to-gross net-to-gross pay) pay)…
Accelerating the Appraisal of Cameia Discovery Cobalt Leases Discovered Resources Potential Resources Cobalt Cobalt Successful Successful Well Pre-salt Cobalt Pre-salt CobaltDiscovery Upcoming Well Upcoming Well Discovery…
Evaluation of Potential Cameia Development Options Underway Potential Cameia Development Concept Internal pre-concept development plans progressing Phased development approach Sub-sea design specifications are being validated…
Extensive Running Room in Pre-salt on Blocks 21, 20, and 9 Block 21 Block 20 Block 9 Cobalt Leases Baleia Baleia 1A 1A Discovered Resources Discovery Discovery (1996) (1996) Denden Denden 1 1 Potential Resources North North…
Bicuar, North Cameia and Lontra Initial Follow-on Prospects on Blocks 20 and 21 Cameia 2 Appraisal DISCOVERY DISCOVERY Baleia 1A Cameia 1 Well Lontra North Cameia Bicuar (1996) Prospect (2012) Prospect Prospect N 2 S 15 miles 30…
Large Structures Characterize Gabon Pre-salt Inventory Cobalt License Pre-salt play already proven onshore Pre-salt Discoveries and near shore Gabon Cobalt Prospects Pre-salt Pre-salt Discovery Discovery Cobalt Cobalt Upcoming…
Cobalts Gulf of Mexico Portfolio Multiple Play Types, Numerous Oil-Focused Prospects Miocene Miocene Trend Trend Key Key leaseholder leaseholder in in established established GOM GOM play play 25 2 25 identified identified…
Ligurian / Heidelberg Tahiti Tahiti Heidelberg 1 Discovery Tonga Tonga West West Cobalt Leases (2009) Discovered Resources 5 miles Potential Resources Well encountered more than 200 ft. Cobalt Cobalt Successful Successful…
Greater North Platte Complex Dominant Position in the Emerging Inboard Lower Tertiary Play Cobalt Leases Williams WilliamsFork Fork Latvian Latvian Cobalt Discovery Cobalt Prospects Cobalt Cobalt Successful Successful Well Well…
Shenandoah Appraisal of Cobalts Initial Inboard Lower Tertiary Discovery Shenandoah Shenandoah 1 1 Shenandoah Discovery Discovery well (2009) encountered more than Shenandoah Shenandoah 2 2 300 ft. of net oil pay in Lower…
Catalyst-Rich 2012-13 Drilling Program in Each Focus Area 1H 2012 2H 2012 2013 Cameia 1 Bicuar 1 Block 21 Well (North Cameia) Cameia 2 (Drilling) North Platte 1 Diaba Well (Mango or Mango S.) Heidelberg Appraisal Shenandoah 2 Block…
Balance Sheet Strength to Fund Multi-year Exploration and Appraisal Program Financial Highlights Through Year-end 2013E 1.8 B 0.9 - 1.2 B West Africa 450-700 MM GOM 400-500 MM Other (3) 50 MM Total 0.9-1.2 B 0.6 - 0.9 B Cobalt…
Turning Our 2005 Vision into Shareholder Value Cobalt has an extraordinary portfolio of significant exploration assets with discoveries in both Angola and the Gulf of Mexico We are focused on the drill bit execution of our West…
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