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August 2015 Investor Presentation – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Aug 4, 2015 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Investor Presentation August 2015 Cameia Plan NYSE: CIE AUGUST 2015 INVESTOR PRESENTATION 1
  2. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 2
    Cobalt 2015 The Pivot to Development Continuing to execute the strategy on which the company was founded Deepwater oil, early entry positions, material assets, best people and technology, focus, strong balance sheet With 10…
  3. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 3
    Cobalt Founded on Belief that Superior Returns Can be Generated in a Price Environment Comparable to Todays Brent (/B) 160 140 Atlantis Marco Polo Boomvang / 120 Nansen Na Kika Thunder Formation Mad Dog 100 Horse of Cobalt…
  4. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 4
    Global Focused Strategy, High Quality Assets, Proven Deepwater Operators Operator Heidelberg Block 21 Cameia(1) Shenandoah Block 20 Orca(2) North Platte Gabon Diaba Anchor Diaman Strategy has focused on Creating…
  5. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 5
    Start Up of Fields Will Yield Significant Production and Growing Cash Fields Expected on Production(1) Mavinga(2) All Bicuar(2) projects economic, mid-teens - 30% Lontra(2) IRR at sanction(3) N. Platte Anchor Forecasted Net…
  6. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 6
    Cobalts Financing Platform for the Next Few Years Project sanctioning will occur over several years Utilize All financing Only Cameia potentially existing Balance needs do not sanctions in 2015 Sheet cash and require sourcing…
  7. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 7
    A Planned Transformation of Expenditures in 2015 Cobalt pivots from being exploration-dominated to selectively developing our existing discoveries The natural evolution of our portfolio transitioning from an exploration to an E&P…
  8. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 8
    Executing Asset-based Financings a Key Priority in 2015 Established a banking group for development-phase Reserve Based Lending Commitment from multiple banks for a limited recourse 150 MM senior secured RBL facility for Heidelberg…
  9. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 9
    Heidelberg on Schedule and Budget for Startup Heidelberg remains on track for first oil by mid-2016 Facility designed to produce 80,000 BOPD Spar hull on location with mooring lines installed Topsides set for move to location in…
  10. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 10
    Cameia Cobalts First Operated Development 300500 MMBO (gross) resource(1) High quality liquid (39-41 API) Angola Block 21 Estimated 30,000+ BOPD per well capability Cobalt 40% WI Operator Development Plans Revisited Cameia project…
  11. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 11
    Shenandoah A Significant Inboard Lower Tertiary Field Cobalts initial Inboard Lower Tertiary oil discovery Shenandoah 2 appraisal logged in excess of 1,000 of net oil pay Shenandoah 1 Drilling on Shenandoah 4 appraisal well has…
  12. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 12
    Orca (Angola) One of the Top 3 Discoveries of 2014 Top 10 Global Discoveries in 2014 (MMBOE) 949 Lontra Orca Discovery Orca Appraisal 660 40 miles Cobalt Discovery Offshore Angola 403 330 280 276 0 16 mi 240 200 197 25 km…
  13. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 13
    North Platte Cobalts First Operated Inboard Lower Tertiary Discovery Cobalt Leases Cobalt Discovery 400 850 MMBOE(1) (gross) resource range North Platte Discovery North Platte 1 discovery well logged 550 of net oil pay Seismic…
  14. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 14
    Anchor One of Cobalts Best Discoveries in the Gulf of Mexico Cobalts 3rd major Inboard Lower Tertiary discovery, along with North Top 10 Global Discoveries in 2014 (MMBOE) Platte and Shenandoah 949 Appraisal drilling underway,…
  15. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 15
    Ongoing Gulf of Mexico Exploration and Appraisal Activity 3 appraisal wells underway Recently acquired additional working interest in Goodfellow North Platte 3 Cobalt to be operator with 47% WI(1), plan to close transaction in mid…
  16. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 16
    Portfolio Renewal Through International New Ventures Exploration strategy proven with basin and play opening exploration success in: Gulf of Mexico Angola Gabon Inboard Lower Tertiary Pre-salt Pre-salt Generate multiple…
  17. August 2015 Investor Presentation – Cobalt International Energy, Inc. – slide 17
    Positioned to Thrive in the Future Large and economically attractive deepwater assets at various stages of appraisal and development Significant future production and operating cash flow potential Multiple options to secure future…

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