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Investor Presentation – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Feb 23, 2015 · 20 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. Investor Presentation – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Pivoting to Development at an Opportune Time February 2015 NYSE: CIE FEBRUARY 2015 INVESTOR PRESENTATION 1
  2. Investor Presentation – Cobalt International Energy, Inc. – slide 2
    Cobalt 2015 The Pivot to Development Continuing to execute the strategy on which the company was founded Deepwater oil, early entry positions, material assets, best people and technology, focus, strong balance sheet With 10…
  3. Investor Presentation – Cobalt International Energy, Inc. – slide 3
    Cobalt Founded on Belief that Superior Returns Can be Generated in a Price Environment Comparable to Todays Brent 160 140 Atlantis Marco Polo Boomvang / 120 Nansen Na Kika Thunder Formation Mad Dog 100 Horse of Cobalt Lower…
  4. Investor Presentation – Cobalt International Energy, Inc. – slide 4
    Global Focused Strategy, High Quality Assets, Proven Deepwater Operators Heidelberg Block 21 Cameia(1) Operator Shenandoah Block 20 Orca(2) Operator North Platte Operator Gabon Diaba Diaman Anchor Strategy has…
  5. Investor Presentation – Cobalt International Energy, Inc. – slide 5
    Leveraging Deepwater Technology and Expertise Exploration Drilling Development Reliance on latest technology and Extensive planning using integrated Preferred partnership arrangements data acquisition execution teams with leading…
  6. Investor Presentation – Cobalt International Energy, Inc. – slide 6
    Start Up of Fields Will Yield Significant Production and Growing Cash Fields Expected on Production(1) All Mavinga(2) projects currently economic, Bicuar(2) mid-teens - 30% IRR at sanction(3) Lontra(2) N. Platte Anchor…
  7. Investor Presentation – Cobalt International Energy, Inc. – slide 7
    Cobalts Financing Platform for the Next Few Years Project sanctioning will occur over several years Utilize All financing Only Cameia sanctions in existing Balance needs do not 2015 Sheet cash and require sourcing Current forecast…
  8. Investor Presentation – Cobalt International Energy, Inc. – slide 8
    Executing Asset-based Financings a Key Priority in 2015 Establish a banking group for development-phase Reserve Based Lending Executed commitment with Socit Gnrale for a limited recourse 150 MM senior secured RBL facility for…
  9. Investor Presentation – Cobalt International Energy, Inc. – slide 9
    2015 Strategic Priorities and Actions Priorities Actions Disciplined use of capital Preserve a strong balance sheet with adequate Focused internal cost efficiency and reduction liquidity Pursue external financing alternatives…
  10. Investor Presentation – Cobalt International Energy, Inc. – slide 10
    A Planned Transformation of Expenditures in 2015 Cobalt pivots from being exploration-dominated to selectively developing our existing discoveries The natural evolution of our portfolio transitioning from an exploration to an E&P…
  11. Investor Presentation – Cobalt International Energy, Inc. – slide 11
    Heidelberg on Schedule and Budget for Startup Heidelberg remains on track for first oil in the first half of 2016 Facility designed to produce 80,000 BOPD Fabrication of the main topsides module currently ahead of schedule and over…
  12. Investor Presentation – Cobalt International Energy, Inc. – slide 12
    Cameia Cobalts First Operated Development 300500 MMBO (gross) resource(1) Angola Block 21 High quality oil (39-41 API) Cobalt 40% WI Estimated 30,000+ BOPD per well capability Operator Development Plans Revisited Cameia project…
  13. Investor Presentation – Cobalt International Energy, Inc. – slide 13
    Actions to Deliver 2015 Cameia Sanction Partner alignment Continue to work with the Concessionaire to ensure support for design optimization and efficiency enhancement activities Maintain alignment on timing and process to streamline…
  14. Investor Presentation – Cobalt International Energy, Inc. – slide 14
    Shenandoah A Significant Inboard Lower Tertiary Field Cobalts initial Inboard Lower Tertiary oil discovery Shenandoah 2 appraisal logged in excess of 1,000 of net oil pay Shenandoah 1 Shenandoah 3 appraisal Shenandoah 2 Found…
  15. Investor Presentation – Cobalt International Energy, Inc. – slide 15
    Orca (Angola) One of the Top 3 Discoveries of 2014 Largest oil field discovered in the Top 10 Global Discoveries in 2014 (MMBOE) deepwater Kwanza Basin Pre-salt 949 400 700+ MMBO(1) (gross) resource range Shallow Sag and deeper…
  16. Investor Presentation – Cobalt International Energy, Inc. – slide 16
    North Platte Cobalts First Operated Inboard Lower Tertiary Discovery 400 850 MMBOE(1) (gross) resource range North Platte 1 discovery well logged 550 of net oil pay Seismic reprocessing has improved Subsalt imaging Currently…
  17. Investor Presentation – Cobalt International Energy, Inc. – slide 17
    Anchor One of the Top 5 Discoveries of 2014 Top 10 Global Discoveries in 2014 (MMBOE) Cobalts 3rd major Inboard Lower 949 Tertiary discovery, along with North Platte and Shenandoah 660 One of Cobalts best discoveries in the…
  18. Investor Presentation – Cobalt International Energy, Inc. – slide 18
    Ongoing Gulf of Mexico Exploration and Appraisal Activity 3 appraisal wells forecast in 2015 1 operated exploration well in 2015 North Platte 2 South Platte or Rocky Mtn. (Miocene Prospect) Shenandoah 4 1-2 exploration wells expected…
  19. Investor Presentation – Cobalt International Energy, Inc. – slide 19
    Portfolio Renewal Through International New Ventures Exploration strategy proven with basin and play opening exploration success in: Gulf of Mexico Angola Gabon Inboard Lower Tertiary Pre-salt Pre-salt Capitalize on Cobalts…
  20. Investor Presentation – Cobalt International Energy, Inc. – slide 20
    Positioned to Thrive in the Future Large and economically attractive deepwater assets at various stages of appraisal and development Significant future production and operating cash flow potential Multiple options to secure future…

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