Barclays Capital CEO Energy-Power Conference NYSE: KOS September 2015 ANDREW G. INGLIS Chairman & Chief Executive Officer Strictly Private and Confidential
What Differentiates Kosmos Business Designed to Compete in a Lower Commodity Price Environment Strategically targeting large resources with good fiscal terms at the low end of the cost curve Prudently built strong balance sheet with…
Growth of Deepwater Deepwater is a key source of global oil supply and its contribution is expected to grow Growing oil demand will require increased production from the best of Shale AND the Deepwater U.S. Shale oil has exhibited…
Kosmos Strategy Proven strategy targets frontier basins at the low end of the industry cost curve, maximizing returns in a low commodity price environment Business Objectives Efficiency: Deliver high success rate Effectiveness:…
Industry Leader in Basin-Opening Exploration Over the last decade, Kosmos has opened two new petroleum systems with significant follow-on potential along the Atlantic Margins Barclays Conference September 2015 6
Kosmos Track Record of Success Track record of opening new basins efficiently through disciplined execution of strategy Source: REP Note: Data includes frontier wells drilled 2009 August 7, 2015 Barclays Conference Peer group…
First Inning: Ghana Execution of disciplined strategy unlocked the value of the Tano Basin 1 Our world-class Ghana asset demonstrates our strategy in action 2 Early entry with competitive fiscal terms High follow-on success rate…
Financial Prudence Built strong balance sheet following First Inning success, positioning the Company ahead of Second Inning drill out Robust liquidity 1.9 Bn available1 No near-term debt maturities Strong hedge position2 12.1…
Strong Financial Position High-quality, high-margin assets and financial discipline put us in a strong position to compete in a lower-for-longer price environment Priced off of Dated Brent Cash flow protected with prudent hedging…
Utilizing Our Financial Strength Strong balance sheet organically funds development and transformational exploration program Realize Ghana Upside Optimize Jubilee/MTA production Deliver first oil from TEN Ghana Monetize Tortue Cash…
Second Inning: Mauritania / Senegal Tortue-1 has opened a new petroleum system with significant follow-on potential Entry: Exported core Cretaceous theme Conceived contrarian concept to create first- mover advantage Scale:…
Greater Tortue Delivering Value Greater Tortue is well positioned to be a competitive, world-scale LNG project given size and quality Tortue-1 Near Term Focus for Greater Tortue Deliver a credible, competitive LNG project A A Confirm…
Greater Tortue Positioned to be Competitive Greater Tortue is well positioned to compete with US and East African gas projects to supply increased global demand beyond 2020 Key LNG Success Factors Expect 15+ Tcf with Quality…
Mauritania / Senegal Oil Potential Tortue-1 has unlocked a large-scale Cretaceous petroleum system outboard Mauritania / Senegal, demonstrating a substantial gas resource with follow-on oil potential Plays: Charge: Several oil prone…
Marsouin Prospect Marsouin-1 tests a top-ranked prospect and provides further petroleum system calibration Marsouin-1 Deep well to test multiple reservoir objectives on northern flank of Senegal River fairway A A Marsouin Will…
Third Inning: Opening the Next Petroleum System Continue to execute our strategy through first-cycle exploration of Atlantic Margin and second-cycle exploration of the Transform Margin Two Primary Themes Export of core Cretaceous…
Suriname Guyana Basin High-graded basin ready for late 2016 / 2017 drilling 11,000 km2 position captures Cretaceous-age, outboard Guyana petroleum system (475 GoM blocks) 1+ BBoe currently identified potential in multiple Deepwater…
Forward Program Active drilling calendar with multiple value creation catalysts into 2017+ 2015 2016 2015 2017 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Greater Tortue E&A Rig Schedule Mauritania / Senegal Marsouin Oil Tests in Northern…
What Differentiates Kosmos Business Designed to Compete in a Lower Commodity Price Environment Strategically targeting large resources with good fiscal terms at the low end of the cost curve Prudently built strong balance sheet with…
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