NYSE: CIE www.cobaltintl.com Value Creation Through Multiple Near Term Catalysts June 2013 Investor Presentation NYSE: CIE 1
Cobalt: Prolific Value Opportunity NYSE: CIE 3
Cobalt Vision Is Delivering Extraordinary Results Business Model Exploration-led First mover in basins with large Results value potential Shareholder Return Identify trends early 2012 through current: 67% Low entry cost 2011…
Dominant Positions In Two New Exploration Trends 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 Angola blocks…
2013: A Unique Opportunity Set Timing of 2013 Anticipated Results Results Announced Second Half Year-End Shenandoah Appraisal Lontra (Angola) Bicuar (Angola) (GOM) Greater than billion barrel potential Deeper pre-salt primary…
Uniquely Positioned in the Deep-water Gulf of Mexico NYSE: CIE 7
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% Early and focused acreage Williams Fork Latvian Racer capture by Cobalt in 2006 Cobalt 28.7% North Platte Cobalt 60% Cobalt 60%…
North Platte 1: An Important Inboard Lower Tertiary Play Confirmation Cobalt: 60% (Operator) North Platte 1 Cobalts first operated Inboard Lower 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…
Cobalt's 2013 Operated Inboard Lower Tertiary Exploration Catalysts Cobalt 42% North Platte (Operator) Cobalt 60% (Operator) Cobalt 37.5% (Operator) Ardennes 1 0 3 mi Aegean 5 km 0 3 mi Shenandoah 5 km Cobalt 20% Cobalt…
Proving the Pre-salt Potential Offshore West Africa NYSE: CIE 13
Cobalt: Leading West Africa Pre-salt Exploration and Development GABON First Mover in proving and developing Pre-salt CONGO play potential in the deepwater offshore West Diaba BRAZZAVILLE Africa (Angola and Gabon) Large acreage…
Cobalts 2013 Pre-salt Exploration Program in Angolas Kwanza Basin Blocks 9, 20, 21 Cobalt 40% Baleia (Operator) Lontra 1 20 Baleia 1A ANGOLA Kwanza Pre-salt play proven by outstanding results of Cameia 1 and Discovery (1996)…
Large Pre-salt Structures on Trend with Cameia Catarina Rig Ocean Confidence Rig Baleia 1A Lontra 1 Idared 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 Idared Block 21…
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…
Diaman Prospect: Gabons Deepwater Pre-salt Potential Play Opener W Diaman 1 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 Basement…
Advancing Discoveries to Production NYSE: CIE 20
Advancing Discoveries to Production Success creates options; multiple alternatives to be considered High-grade assets Cobalt's exploration program has Explore divestment opportunities yielded four significant discoveries…
Heidelberg Development Sanction Expected by Mid-Year; First Oil in 2016 Garden Banks Green Canyon Cobalt 9.375% 80,000 BOPD capacity floating truss Operator: Anadarko spar facility with sub-sea wells Heidelberg 1 Keathley Canyon…
Cameia: Advancing the Mound First Development Project Possible Cameia Subsequent Development Estimate first production in 2017 Block 21 assuming project sanctioned in 2014 Mound First Development 100,000 BOPD capacity leased…
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 2.5 Billion West Africa GOM 2013 Estimated Cash Expenditures: 750MM 900MM Exploration Appraisal & Development 3/31/2013 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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