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Cobalt International Energy
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May 2015 Investor Presentation
| Joseph H. Bryant | Page 13 of 11 |
November 21, 2024
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"May 2015 Investor Presentation"
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Orca #2 appraisal well and drill stem test completed in 1Q 2015 Development hub for Block 20 including Lontra oil and future discoveries Cobalt 40% working interest; operator Largest oil field discovered in the deepwater Kwanza Basin Pre-salt 400 – 700+ MMBO (1) (gross) resource range Shallow “Sag” and deeper “Syn-rift” reservoirs Orca #1 DST indicates production capacity above 20,000 BOPD/well Orca (Angola) – One of the Top 3 Discoveries of 2014 949 660 403 330 280 276 240 200 197 150 Top 10 Global Discoveries in 2014 (MMBOE) Source: Wood Mackenzie (1) Mean – P10 resource range; Cobalt estimate Cobalt Discovery Block 20 Cobalt 40% (Operator) 0 16 mi 25 km Lontra 40 miles Offshore Angola Orca Discovery Orca Appraisal Cobalt License Cobalt Discovery Cobalt Prospects