Credit Suisse 21st Annual Energy Summit NYSE: KOS February 2016 ANDREW G. INGLIS Chairman & Chief Executive Officer Strictly Private and Confidential
Overview Financial Strength to Create Value Through the Cycle High-Quality, Growing Cash Flow from Ghana Opened a World-class basin in Mauritania / Senegal with Significant Oil and Gas Potential Continuing to High-Grade…
Financial Prudence Built financial strength over last five years, entering downturn in strong position Entered 2016 with substantial liquidity 1.8 Bn available1 No near-term debt maturities Low leverage1 1.2x Net debt / LTM…
Capital Discipline 2016 capital program focuses on growing cash flow from Ghana, maximizing value of Tortue and finding oil in Mauritania / Senegal, and high-grading exploration portfolio 1 Ghana Capex 2016 Capital Budget 650MM 2…
Robust Liquidity Continue to rigorously allocate capital to create value and maintain balance sheet strength Strong hedge position1 Kosmos Liquidity 2.5 6.0 MMBbls at floor of 81.67 in 2016 6.0 MMBbls at floor of 60.82 in 2017 0.9…
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 Discovered Resources by Basin Source: IHS EDIN Investor…
Tano Basin Ghana Foundation asset continues to demonstrate world-class quality with growing cash flow Jubilee 1P EUR Ghana asset provides growth with high margin Sustained 100% reserve replacement Growing production to 200 MBopd…
Outboard Mauritania / Senegal We have unlocked a large-scale, Cretaceous petroleum system outboard Mauritania / Senegal, demonstrating a substantial gas resource, with the focus now on significant follow-on oil potential Play Concept:…
Tortue Field We are appraising and delineating the Tortue discovery to define a significant gas resource of 15 Tcf Tortue-1 Guembeul-1 Tortue-1 & Guembeul-1 Results 4300 4250 Encountered 100 meters of net gas pay Primary objective…
Monetizing Tortue Good progress being made both above the ground and below the ground QUALITY Deliver 15 Tcf with high resource density, RESOURCE high well deliverability COMPETITIVE Competitive, exible terms contemplating…
Development Strategy Kosmos strategy is founded on opening new basins with significant follow-on potential and accelerating to first production Discovery to First Oil (years)1 Discovery to First Gas (years)2 Avg. of 8 years Avg. of 14…
Evolving LNG Market Growing LNG demand and innovative technology are changing the LNG market LNG Demand by Country for Recent and Likely Market Entrants (MTPA) 180 171 Growing global gas demand 160 140 5% growth in LNG demand…
Teranga Exploration Prospect Top-ranked prospect in inboard Senegal fairway, one of three independent oil tests Teranga-1 Comprises Lower Cenomanian sands in a combination Cenomanian 5 km Reservoir structural / 3 miles…
Opening the Next Petroleum System Consistent with our counter-cyclical strategy, we are continuing to build and high-grade the exploration portfolio to deliver future success at a time of opportunity Current Portfolio Taking advantage…
Summary Financial Strength to Create Value Through the Cycle High-Quality, Growing Cash Flow from Ghana Opened a World-class basin in Mauritania / Senegal with Significant Oil and Gas Potential Continuing to High-Grade…
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