Mauritania / Senegal Farm-Out Delivering Visible, Funded Growth NYSE: KOS January 2017 Strictly Private and Confidential
Mauritania / Senegal Farm-Out Demonstrates Kosmos Strategy Is Delivering Value Validates Quality and Scale of Mauritania Visible & Funded/ Growth Senegal Basin from Tortue Gas Defines Path to Production Transformational for…
Mauritania / Senegal Farm-Out Transformative transaction effectively funds 100% of Kosmos portion of Mauritania / Senegal expenditures for next several years 1 Fixed Consideration: 916 million 162 million up front Simple, Aligned…
Kosmos Strategy is Delivering Value Farm-out transaction demonstrates that frontier exploration can deliver competitive returns when executed correctly Returns of 2.5x proportionate back costs1 Exploration Returns 2 Based solely on…
Validates Quality of Mauritania/Senegal Basin The highly competitive farm-out process and BP transaction validates Mauritania / Senegal as potentially one of the largest petroleum systems ever opened along the Atlantic margins New Basin…
Tortue Defined Path to Production Simple, capable, and aligned partnership with shared vision for basin provides foundation for delivery of funded growth Tortue-1 discovery BP operates development of Tortue project 2015 Targeting FID…
Near-Term Exploration Catalysts Second phase exploration program with a focus on finding liquids is underway to mature and test up to four prospects on each basin floor fan fairway in Mauritania / Senegal with an aggregate potential of…
Enhanced Free Cash Flow Generation Farm-out creates additional free cash flow generation and strengthens balance sheet 2017 Capex decreasing 75% from 2015 2017E Cash Sources and Uses 1 2017E Capex budget of 175 million2…
Kosmos Future Growing cash flow in Ghana combined with defined and funded growth in Mauritania / Senegal creates a robust investment opportunity 50% production growth expected from 2015-171 Growing cash flow in Ghana Expected to…
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