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Investor Presentation – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Feb 23, 2016 · 10 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. Investor Presentation – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Investor Presentation February 2016 NYSE: CIE FEBRUARY 2016 INVESTOR PRESENTATION 1
  2. Investor Presentation – Cobalt International Energy, Inc. – slide 2
    2016 Priorities Preserve liquidity and cash position Post Angola sale creates an enviable liquidity position in todays environment Flexibility to adjust cash spend further as needed Close Angola sale transaction(1) Fully engaged in…
  3. Investor Presentation – Cobalt International Energy, Inc. – slide 3
    Cobalts Cash Position (B) 3.0 0.60 0.65 1.2 B of cash at year-end 2015 2.35 - 2.4 1.4 3.0 B in cash post Angola sale (at year-end 2015 on an as adjusted basis) 2016 total uses of cash expected to be 600 MM to 650 MM (before…
  4. Investor Presentation – Cobalt International Energy, Inc. – slide 4
    Anticipate Government Approval for Sale Transaction(1) Cobalts transition team completing all activities in preparation for a complete and efficient transition to a new operator(s) Ramping down all Cameia Development Project work;…
  5. Investor Presentation – Cobalt International Energy, Inc. – slide 5
    Significant Cost Savings and Efficiency Improvements Substantial well cost and drilling efficiency improvements realized to date 25% reduction in non-rig rate drilling costs in the GOM Currently working with rig contractor to…
  6. Investor Presentation – Cobalt International Energy, Inc. – slide 6
    Cobalts Proven Strategy Unchanged Continued focus on finding large deepwater oil fields Large oil fields provide competitive breakeven economics as costs align to oil price Lower F&D via preferred partnerships, top quartile drilling…
  7. Investor Presentation – Cobalt International Energy, Inc. – slide 7
    Cobalts Continued Commitment to the Deepwater Gulf of Mexico Significant oil potential The worlds technology proving ground Existing infrastructure Stable fiscal terms and mature regulatory system Cobalts assets attractive even in…
  8. Investor Presentation – Cobalt International Energy, Inc. – slide 8
    Cobalt Net Discovered Resource of 500-650 MMBOE North Platte Anchor Shenandoah Basin Heidelberg Garden Banks Area Green Canyon Area Walker Ridge Area Green Canyon Area North Platte Discovery Shenandoah 1 Anchor Discovery and…
  9. Investor Presentation – Cobalt International Energy, Inc. – slide 9
    Exploration Portfolio Holds Potential for Additional Resources Goodfellow Eastern GOM Play Additional Attractive Prospects Keathley Canyon / Walker Ridge Area Lloyd Ridge/Atwater Valley South Anchor High quality ILT* prospect…
  10. Investor Presentation – Cobalt International Energy, Inc. – slide 10
    2016 Priorities Preserve liquidity and cash position Post Angola sale creates an enviable liquidity position in todays environment Flexibility to adjust cash spend further as needed Close Angola sale transaction(1) Fully engaged in…

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