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Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Aug 24, 2015 · 7 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. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Cobalt Sonangol Kwanza Basin Transaction August 24, 2015 NYSE: CIE COBALT SONANGOL KWANZA BASIN TRANSACTION 1
  2. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 2
    Angola Transaction Delivers on Cobalts promise to Selectively Develop discovered assets Captures future cash flow today Proof of Concept Large, Material, Operated working interests will attract buyers Transforms Cobalt Derisks…
  3. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 3
    Todays Transaction Demonstrates Cobalts Strategy in Action Cobalts guiding principles: Early entry in emerging deepwater oil-focused basins Material operated interests in high quality assets to influence pace and value creation Best…
  4. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 4
    Transaction Overview Cobalt has agreed to sell all of its 40% interest in Blocks 20 Cobalt Licenses and 21 offshore Angola to Sonangol EP for 1.75 billion in Discoveries cash, effective January 1, 2015 Cash consideration to be paid…
  5. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 5
    As Adjusted Balance Sheet and Use of Cash (B) Unrestricted Proceeds Cobalts as adjusted 2Q 2015 unrestricted cash Use of Cash (Liquidity) increases by 2.1 billion to 3.75 billion upon close of entire transaction 3.75 Total…
  6. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 6
    Cobalt Today Continued Execution on Our Strategy Post transaction, our discovered asset portfolio is concentrated in the deepwater GoM, where we continue appraisal and development operations Heidelberg remains on track for first oil by…
  7. Sonangol Kwanza Basin Transaction – Cobalt International Energy, Inc. – slide 7
    Transaction Positions Cobalt to Thrive in the Future Strengthened balance sheet provides assurance, flexibility, and optionality for the existing portfolio and growth opportunities Retains large and economically attractive deepwater…

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