2015 RBC Capital Markets Global Energy & Power Executive Conference NYSE: KOS June 2015 Strictly Private and Confidential
What Differentiates Kosmos World-Class Production / Development Asset in Ghana Doubling gross production to 200 MBopd in next two years with high quality cash flow Exploration Portfolio with both Scale and Quality Testing 37 BBoe…
Ghana - World-Class Production / Development Asset Growing reserve base with high margin cash flow 1 BBbl gross of high-value barrels 125 MMBbl produced through YE 2014 Delivered 2014 Goals: Grow Reserves 336% RRR at YE 2014…
Ghana Growth on Track Ghana expected to deliver over 200 MBopd of production (gross) providing continued production and cash flow growth Greater Jubilee (incl. MTA) By YE 2015, anticipate testing FPSO capacity (120 MBopd) Production…
Transformational Exploration Portfolio Testing Second Inning portfolio with 3-4 petroleum system tests per year Differentiated business model High-volume, high-value barrels Disciplined execution Focused geology and geography Core…
Creating Value In a Low Price Environment Focus on the lowest portion of the deepwater cost curve creates differentiated value Deepwater exploration can deliver sustained, industry-leading returns In sustained lower price…
Delivering our Second Inning Tortue-1 discovery validates Kosmos business strategy Tortue-1 discovery delivers initial success in Second Inning portfolio Significantly out-performing the industry in frontier deepwater exploration…
Mauritania / Senegal Large acreage position in a newly-opened, under-explored petroleum system that offers substantial exploration prospectivity 45,000 km2 contiguous position captures multiple Cretaceous age, petroleum systems 8+ BBoe…
Tortue-1 Well Objectives Tortue-1 is the first successful outboard well in Mauritania (1) Tortue-1 Designed to test Tortue West (Ahmeyim) closure, involving one of a series of Upper Cretaceous slope / channel reservoir systems…
Tortue-1 Well Results and Implications Tortue-1 has made a significant gas discovery and has opened the outboard petroleum system in Mauritania and Northern Senegal Total 117 meters (383 feet) of net hydrocarbon pay in three pools…
Tortue West Substantial Resource Base Preliminary view of gross resource base of approximately 5-8-12 Tcf Projected GWC based on seismic and well pressure information Tortue-1 Channel Edge Tortue-1 A A MAURITANIA SENEGAL Gas…
Tortue West Context Tortue West (Ahmeyim) alone is potentially the largest gas discovery offshore West Africa (associated or non-associated) Associated / Non-Associated Gas Fields in West Africa (Tcfe) Associated Gas Fields…
Greater Tortue Complex Follow-On Potential The Tortue-1 well has significantly de-risked the Greater Tortue Complex which includes substantial step-out potential with excellent well-to-seismic calibration Tortue-1 Tortue East Prospect…
Mauritania / Northern Senegal Follow-On Potential Outboard Mauritania and Northern Senegal offer substantial exploration prospectivity including play / fairway diversity and multiple leads / prospects involving both Cenomanian and deeper…
Forward Program The basin opening Tortue-1 discovery provides Kosmos the opportunity for additional catalysts through 2015 and beyond 2015 1Q 2Q 3Q 4Q Second exploration well in Mauritania will test the Rig Schedule Al Khayr Tortue-1…
Self-Funded Explorer Strength of business model provides a competitive advantage (2) Disciplined financial management Diversified sources of capital Q1 2015 Liquidity 1.9 Bn(1) Strategic hedging program 12.7 MMBbls hedged through…
Investing Through the Cycle 2015 capital program continues strategic focus on Ghana development and high impact exploration Ghana Capex - 500 MM Increase driven by additional TEN activity Exploration Capex - 300 MM 4 high impact…
What Differentiates Kosmos World-Class Production / Development Asset in Ghana Doubling gross production to 200 MBopd in next two years with high quality cash flow Exploration Portfolio with both Scale and Quality Testing 37 BBoe…
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