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Q2 2016 Earnings Presentation – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Aug 2, 2016 · 8 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. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Investor Presentation August 2016 NYSE: CIE AUGUST 2016 INVESTOR PRESENTATION 1
  2. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 2
    Cobalt Priorities Angolan Asset Monetization Cobalt will market our 40% operated working interest in Blocks 20 and 21 to third parties Expect renewed interest in these assets, with an estimated gross discovered resource of 1.3 BBO…
  3. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 3
    Angola Asset Monetization Cobalt senior management met with Sonangols new Chairwoman in late July Lontra-1 It was jointly agreed that Cobalt would re-market our Orca-1 40% operated working interest in Blocks 20 and 21 to a third…
  4. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 4
    Cobalts Cash Position (MM) 1,211 835 MM of cash as of the end of 2Q 2016 377 2016 total uses of cash from continuing operations expected to be 650 MM to 700 MM (before restructuring charges) 435-485 Focus on aligning our…
  5. Q2 2016 Earnings 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 Improved drilling efficiency; North Platte…
  6. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 6
    Cobalts Proven Strategy Unchanged Continued focus on finding and developing large deepwater oil fields Large oil fields provide competitive breakeven economics as costs align to oil price Once developed, would generate significant long…
  7. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 7
    Cobalt Net Discovered Resource of 500-650 MMBOE North Platte Anchor Shenandoah Heidelberg Garden Banks Area Green Canyon Area Walker Ridge Area Green Canyon Area North Platte Discovery Shenandoah 1 Anchor Discovery Shenandoah 5 and…
  8. Q2 2016 Earnings Presentation – Cobalt International Energy, Inc. – slide 8
    Cobalt Priorities Angolan Asset Monetization Cobalt will market our 40% operated working interest in Blocks 20 and 21 to third parties Expect renewed interest in these assets, with an estimated gross discovered resource of 1.3 BBO…

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