NYSE: CIE www.cobaltintl.com Lontra 1 Value Creation through Successful Exploration and Selective Development January 2014 Investor Presentation NYSE: CIE JANUARY 2014 INVESTOR PRESENTATION 1
Founding Cobalt Vision Based on Exploration Led Value Delivery 2005 Today Solid Foundation: Proven Success: Continual Growth: Unique Deepwater Exploration Selective Development of A Leading Exploration and Portfolio, Technology and…
Dominant Positions in Proven Exploration Regions Deepwater West Africa 4 discoveries : Lontra, Cameia, Mavinga, Diaman Pre-salt Play major new trend; Cobalt discoveries prove regional geology 1,360,000 net acres covering 3 Angola…
2013: A Year of Exceptional Operational Results Shenandoah Appraisal Success Confirms significant discovery; 1,000 ft oil column North Platte Discovery Very large discovery with high Cobalt working interest Rowan Reliance Rig…
Robust Near Term Exploration and Development Activity Heading into 2014 Shenandoah Operator plans further appraisal activity first half 2014 North Platte & Offset Prospects Processing of new Full Azimuth 3D seismic and appraisal /…
Selective Development of Discovered Barrels Provides Roadmap to First Oil 2014 2015 2016 2017 2018+ Selective Development Heidelberg Development First Oil Approach Control the pace and Cameia Development First Oil approach of…
Maintaining a Strong Balance Sheet to Pursue Exploration and Development 2014 Estimated Cash Balance Expenditures Shifting Towards Appraisal 1.6 1.7 B & Development 0.75 0.85 B 2013 2014 0.7 0.8 B 800-900 MM 750-850 MM…
Cobalt: Exploration Led Long Term Value Delivery Performance continues to validate our strategy 7 material discoveries moving forward Selective developer of discovered barrels Numerous future exploration catalysts Deep inventory of…
Prospect and Project Summary NYSE: CIE JANUARY 2014 INVESTOR PRESENTATION 10
Cobalt: Leading West Africa Pre-salt Exploration and Development First mover in proving and developing Pre-salt play potential in the deepwater offshore West GABON Africa (Angola and Gabon) CONGO Diaba BRAZZAVILLE 4 for 4 in frontier…
Stellar Success Rate as Cobalt Opens Kwanza Basin Discoveries are proving Kwanza basin analog to Brazil Pre-salt and Lontra 1 Orca 1 Discovery establishing a potential giant trend 500-1000+ MMBO liquids (gross) Baleia 1A Angola…
Diaman Discovery: Gabons First Deepwater Pre-salt Play Opener Discovery confirmed high quality sandstone Gabon reservoirs, salt seal, working mature source rocks Rabi-Kounga Angola 940 MMBOE Partners approved additional 3D seismic in…
Cobalts Proven Inboard Lower Tertiary Geologic Model in the Gulf of Mexico Cobalt Geologic Model Potential for thick ponded reservoirs located up-dip closer to the Paleo Delta System Paleo Delta Optimally positioned for improved…
2014 Inboard Lower Tertiary Program Rum Ramsey* Acquire and process new Full North Platte Azimuth 3D seismic over North Williams Fork Discovery Anchor Platte and surrounding Cobalt 60% Latvian (Operator) prospects Select North…
NYSE: CIE www.cobaltintl.com Investor Relations Contact: +1 713-452-2322 Cobalt International Energy, Inc. Cobalt Center 920 Memorial City Way, Suite 100 Houston, TX 77024 Main: +1 713-579-9100 NYSE: CIE JANUARY 2014…