NYSE: CIE www.cobaltintl.com Exploration Led Long Term Value Delivery December 2013 Investor Presentation NYSE: CIE DECEMBER INVESTOR PRESENTATION 1
Founding Cobalt Vision Based on Exploration Led Value Delivery 2005 Today Solid Foundation: Proven Success: Continual Growth: Unique Deepwater Exploration Selective Developer of A Leading Exploration and Portfolio, Technology and Skills…
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 Transformative Year for Cobalt Shenandoah Appraisal Success Confirms significant discovery North Platte Discovery Very large discovery with high Cobalt working interest Rowan Reliance Rig Contract Provides superior long term…
Exceptional Track Record of Success Delivers Shareholder Value Deepwater Discoveries Provide Unique Shareholder Leverage MMBOE Net Estimated Deepwater Discoveries* MMBOE Net Estimated Deepwater Discoveries* 1,000 1,000 Cobalt…
Cobalts Exploration Led Strategy has Opened Three New Basins GOM Angola Gabon New Inboard Lower Tertiary Pre-Salt Pre-Salt Ventures Oil-focused 200+ MMBOE prospects SCORECARD GEOLOGIC Concentrated basin focus on like play…
Selective Development Provides Roadmap to First Oil Control the pace and approach of development 2014 2015 2016 2017 2018+ Maximize commercial and Heidelberg Development First Oil economic flexibility Standardized repeatable…
Portfolio Renewal Based on Proven Exploration Strategy Major Discoveries New Ventures Strategy Focus on new deepwater oil U.S. Gulf provinces of Mexico Early entry into areas with potential for repeatable material prospects High…
Robust Near Term Exploration and Development Activity Heading into 2014 Aegean September 2013 spud; Inboard Lower Tertiary objective Shenandoah Operator plans further appraisal activity first half 2014 North Platte Well permitting…
The Financial Strength to Deliver By Region West Africa 2 Billion GOM 2013 Estimated Cash Expenditures:** 850MM 950MM Exploration Appraisal & 9/30/2013 Development Restricted and Unrestricted Cash* By Activity *…
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 DECEMBER INVESTOR PRESENTATION 13
Cobalt: Leading West Africa Pre-salt Exploration and Development GABON First mover in proving and developing Pre-salt CONGO Diaba BRAZZAVILLE play potential in the deepwater offshore West Africa (Angola and Gabon) Cameia, Lontra,…
Cobalt Kwanza Basin Pre-salt Exploration Three Discoveries A world-scale hydrocarbon Lontra 1 Orca 1 Discovery trend has been established Baleia 1A Angola Gabon 20 Mavinga 1 Bicuar 1A Discovery Cameia 1 21 Angola…
Lontra Drill Stem Test Confirms Significant Discovery Lontra field post-drill estimated resource range Lontra 1 Baleia 1A 700 MMBOE to 1.1+ BBOE Discovery (1996) 35-45% liquids (condensate and oil) Due to scale of structure more…
Orca 1: Up-dip Test from 1996 Baleia Discovery Lontra 1 Discovery Cobalt License Baleia 1A Orca 1 will test the Pre-salt section up- (1996) Cobalt Discovery Cobalt Prospect dip of Baleia 1A well; second Pre-salt Cobalt Successful…
Diaman Discovery: Gabons First Deepwater Pre-salt Play Opener Diaman 1 W Discovery E Gabon Post-Salt Rabi-Kounga 940 MMBOE Salt Angola Salt GABON Diaba Elf Maruba 2 Cobalt 21.25% 1982 discovery Operator: Total 1,250 BOPD 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…
Extensive Running Room in Cobalt Dominated Inboard Lower Tertiary Trend Low entry cost Rum Ramsey** Cobalt 24% 66% Cobalt success in new Williams Fork North Platte Latvian Inboard Lower Tertiary trend Anchor (Racer) Cobalt 28.7%…
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 DECEMBER…