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 Current Portfolio Characteristics Discoveries Emerging oil play with Cobalt 1st Mover Advantage World-class Pre-salt oil discovery Cameia Angola Large follow-on Pre-salt resource potential 2012…
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 1 Well Results 1200 ft. oil column 900 ft. Net Pay (75% net-to-gross pay) 20 Cameia 1 Discovery Single continuous oil column Estimated Discovery Size (BBOE) No…
Accelerating the Appraisal of Cameia Discovery Cobalt Leases Discovered Resources Potential Resources Cobalt Successful Well Pre-salt CobaltDiscovery Upcoming Well Block 21 Cameia 2 appraisal well Currently Drilling 2 Miles…
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…
Bicuar, North Cameia and Lontra Initial Follow-on Prospects on Blocks 20 and 21 Cameia 2 DISCOVERY DISCOVERY Appraisal Baleia 1A Cameia 1 Well Lontra Mavinga* Bicuar (1996) (2012) Prospect Prospect Prospect N 2 S 15 miles 30 miles…
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 Discovery Cobalt Upcoming Well Diaba fiscal terms are…
Cobalts Gulf of Mexico Portfolio Multiple Play Types, Numerous Oil-Focused Prospects Miocene Trend Key leaseholder in established GOM play 25 identified Cobalt prospects2 (includes Heidelberg discovery) Over 1 billion BOE net…
Greater North Platte Complex Dominant Position in the Emerging Inboard Lower Tertiary Play Cobalt Leases Cobalt Discovery Williams Fork Latvian Cobalt Prospects Cobalt Successful Well Preparing to Drill North Platte 1 Shenandoah 1…
Shenandoah Appraisal of Cobalts Initial Inboard Lower Tertiary Discovery Shenandoah 1 Shenandoah Discovery Discovery well (2009) encountered more than 300 ft. of net oil pay in Lower Tertiary reservoir Shenandoah 2 Recent 3-D WAZ…
Heidelberg - Fast Tracking to First Production Cobalt Heidelberg Leases Discovered Resources Heidelberg 1 Discovery (2009) Cobalt Successful Well Well encountered more than 200 ft. of net oil pay in Miocene reservoir Anadarko…
Catalyst-Rich 2012-13 Drilling Program in Each Focus Area 1H 2012 2H 2012 2013 Cameia 1 Bicuar 1 Block 21 Well (Mavinga) Cameia 2 (Drilling) North Platte 1 Diaba Well (Mango or Mango S.) Heidelberg Appraisal Shenandoah 2 Block 9…
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…