1Q 2020 Results May 11 2020 NYSE/LSE: KOS 0 Strictly Private and Confidential
Q1 2020 Highlights and Key Items Q1 production unaffected by COVID-19 and averaged 66,300 boepd Strong Gulf of Mexico averaged 28,300 boepd net during quarter top end of guidance Ghana averaged 26,500 bopd net during quarter…
COVID-19 Response Kosmos taking decisive actions to protect the business in 2020, positioning for increased activity in 2021 Employee health and safety remains our primary concern Protect People All offices and production hubs…
Protect Assets Safe and reliable operations Ghana Equatorial Guinea Gulf of Mexico 1Q net production of 26,000bopd; 1Q net production of 12,000bopd; 1Q net production of 28,000boepd; slightly ahead of expectations and in line with…
Advantaged Portfolio Kosmos has an advantaged portfolio in a lower price world Low Decline Rates Low Cost, Low Breakeven 60 Kosmos 400 80 Portfolio Half Cycle Breakeven / bb (WTI to Henry Hub Breakeven1 300…
Maintain Balance Sheet We have taken decisive actions to lower the cash flow breakeven of the business in 2020 Reduced 2020 Costs (250 million) Cost Reductions 1,400 Reducing base business capital expenditure by 40%; Q2-Q4 2020 from…
Maintain Balance Sheet We have taken the necessary actions to maintain liquidity in the business in 2020 Liquidity ( million)1 RBL Re-Determination Complete 1,000 Re-determination completed in early April with 1.5 billion borrowing…
Mauritania & Senegal Update Tortue project delayed by 12 months with capital deferred and Kosmoss share covered by carry in 2020 Greater Tortue Ahmeyim Phase 1 execution: 33% complete Following the signing of the Phase 1 SPA,…
Prepare For The Future Kosmos continues to progress high quality exploration catalysts for 2021 Basin-Opening Exploration High quality portfolio in attractive basins Three high-quality basin-opening wells are being progressed for…
Appendix Strictly Private and Confidential
Q1 2020 Highlights and Key Items Q1 2020E Q1 2020A Strong Net Production 63,000 67,000 boe/day 66,300 boe/day Production for the Sales Volumes 4.5 MMBoe 4.0 MMBoe Q1 ended 1.7 MMBoe underlift Quarter Opex 14.50-16.50/boe…
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