Strategic Entry Into Equatorial Guinea NYSE/LSE: KOS October 2017 Strictly Private and Confidential
Strategic Rationale Captures material exploration position in proven but underexplored oil basin previously discovered and operated by members of Kosmos management team Exploration opportunity for both large frontier prospects and…
Opportunity Overview Second-cycle exploration and production opportunity in underexplored and underdeveloped Rio Muni basin The transaction is a demonstration of our counter-cyclical strategy of reentry into the Transform Margin…
Underexplored Rio Muni Basin Petroleum system originally opened by members of Kosmos exploration team has been overlooked by the industry since early 2000s Rio Muni Basin Activity Ceiba and Okume Complex discovered in 1999 by Well…
Rio Muni Basin Exploration Opportunity Material position in an underdeveloped petroleum system with significant, untested potential Two primary Cretaceous fairways in Rio Muni Basin: Basin Floor Fan Play Slope Play Basin floor /…
Significant Resource Upside in Discovered Resource Analog fields suggest potential to double recovery factor in Ceiba and Okume up to 400 MMBO remaining1 Ceiba & Okume Ultimate Recovery Potential (MMBO) 2,000 2,000 Potential…
High-Margin Production World-class discovered resource provides multiple sources of value upside Gross Production (MBopd)2 50 Production Upside Limited investment drove production decline from 60 40 MBopd in 2015 Production can be…
Enhanced Financial Position Immediately accretive transaction provides free cash flow generation and funding for organic, exploration- led growth Strong free cash flow growth Kosmos Kosmos EG4 Pro-Forma Expected to add additional…
Strategic Rationale Captures material exploration position in proven but underexplored oil basin previously discovered and operated by members of Kosmos management team Exploration opportunity for both large frontier prospects and…
Appendix October 2017 11
Ceiba and Okume Complex Overview High-quality oil producing asset with little recent investment provides opportunity Ceiba field was discovered in 1999 and achieved first oil via an FPSO in less than 14 months, an industry record at…
Optimal Partnership Structure Distinct capabilities of Kosmos and Trident create a partnership that maximizes value of each others respective skillsets, capable of effectively and efficiently adding value to the production and exploration…