Jefferies 2011 Global Energy Conference NYSE: KOS December 2011
Delivering Success Differentiated Proven Strategy Differentiated, Focus on finding new petroleum systems Excellent track record of exploration discovery and development Asymmetric Risk-Reward Opportunity Very attractive per-barrel…
Proven Business Plan St ahead Stay h d to t deliver d li superior i results lt and d outsized t i d returns t Focused Geologic Approach Objective Find and develop large quantities of high-value K Kosmos b barrels l…
Creating, Maximizing, and Delivering Value N t unrisked Net i k d mean di discovered d resources 500 MMboe MMb Legacy of Exploration Success NYSE KOS listing 2011 Teak, Tweneboa Deep, Banda, and Akasa discoveries New Ventures…
Attractive Portfolio of Opportunities Significant disco discovered ered resources reso rces and substantial s bstantial exploration e ploration potential Kosmos in West Africa High-potential, Oil-levered Positions Based on West…
Ghana Asset Position F Foundation d ti off the th Company C and d platform l tf for f success Ghanas Golden Blocks (1) West Cape Three Points 30.875% 30 875% WI, WI operated by KOS Deepwater Tano 18% WI Basin-Opening…
Jubilee: Basin-Opening Discovery W ld l World-class find fi d and d landmark l d k development d l t Jubilee Field: A Giant Reservoir (24.1%) Jubilee Discovery (2007) 600 MMboe to 1Bboe gross resources Strong production and cash…
Deepwater Tano Developments N Near-term t FPSO project j t sanction ti Enyenra Discovery (2010) Deepwater Tano (18% WI) Primarily oil encountered Accelerating FPSO Development Sanction targeted 1H 2012 Tweneboa / Ntomme…
West Cape Three Points Developments P t ti l integrated Potential i t t d approach h for f medium-term di t growth th West Cape Three Points (30.875% WI) (1) Mahogany East Discovery (2008) Multiple oil-bearing oil bearing…
Ghana Exploration Upside T Tano Basin B i petroleum t l system t continues ti to t grow Significant Opportunity Upside Deepwater Tano 3 new exploration prospects to be tested in 2012 Substantial upside in de-risked plays with…
Cameroon Exploration O h Onshore extension t i off two t proven deepwater d t fairways f i Kosmos Acreage Position in Cameroon Ndian River Block Niger River Delta play Rio Del Rey Basin 100% WI, operated by Kosmos Over 400K…
Morocco Exploration T Two underexplored, d l d frontier f ti basins b i with ith large l potential t ti l 12MM gross acres Agadir Basin Substantial Position Offshore West Africa Foum Assaka ((1.6MM g gross acres)) and…
Agadir Basin 4 5 MM gross acres new ventures 4.5 t success An overlooked petroleum system with multiple exploration opportunities 37.5% WI operated by Kosmos Overlooked & Underexplored Petroleum System Multiple Plays and…
New Ventures: Finding More Oil Diff Differentiated ti t d strategy t t and d di disciplined, i li d repeatable t bl exploration l ti approach h Petroleum System(s) Focus: Existing g theme, existing gggeography g p y…
Strong Financial Position Fi Firepower for f continued ti d development d l t and d exploration l ti Over 1 Billion in Liquidity (1) Conservative Capital Structure Over 650 MM in Cash and 400 MM Available Under Credit…
Creating, Maximizing, and Delivering Value Significant Net Unrisked Resource Exposure Phased, Long-term Profile at Jubilee High productive capacity Progressing Next Developments Multiple discoveries on WCTP and DT Expect near-term…