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June 2017 Investor Presentation – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Jun 29, 2017 · 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. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Investor Presentation June 2017 NYSE: CIE INVESTOR PRESENTATION JUNE 2017 1
  2. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 2
    Key Points Cobalt is focused on maximizing value through strategic transactions We are preserving liquidity to enable an orderly sales process by reducing non-critical spending By completing our allowable debt exchanges, we enhanced our…
  3. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 3
    Three Paths to Success All three [options] are under active consideration Tim Cutt, Cobalt CEO; Q1 Earnings Call Individual Asset Sale (20%-60% WI) Merger with Late Life Asset Co Whole Company Sale Transaction Cobalts…
  4. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 4
    Cobalt Gulf of Mexico Data Room /Asset Marketing Update North Platte Anchor Shenandoah (Anadarko Op) Garden Banks Area Green Canyon Area Walker Ridge Area North Platte Discovery Shenandoah 1 Anchor Discovery and Sidetrack Shenandoah…
  5. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 5
    Cobalt Operated North Platte is an Attractive Deepwater Asset North Platte Indicative North Platte Type Log North Platte Permeability Other Lower Tertiary Wilcox Reservoir Interval NP1 Porosity 3,300 ft NP4ST2 High…
  6. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 6
    Cobalt Market vs Implied Valuation Implied Valuation (B) 6.1 Market Valuation(1) (B) 4.9 3.6 2.9 1.6 2.8 0.1 1.5 .95 .95 .95 Equity Debt / Debt / 5/BOE 7.50/BOE 10/BOE Angola Additional Remaining Remaining GOM Net Cobalt…
  7. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 7
    Preserving Liquidity 2016 2017 Capex and G&A (MM) Operational Highlights: Estimated 2017 year-on-year Capex 113 G&A and G&A is nearly 58% lower Capex/Project Well operations are expected to Spend conclude for the year in Q2 2017…
  8. June 2017 Investor Presentation – Cobalt International Energy, Inc. – slide 8
    Debt Exchanges/Interest Impacts Interest Expense vs. Par Value (MM USD) 340MM of Par Value discount 166 167 achieved in transactions 162 157 Reduced 2019 debt maturities from 1.38B to 619MM and extended the remaining maturities…

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