Kosmos Energy Ltd. · NYSE:KOS

Kosmos Energy — 2nd Annual African Independents Forum (November 2005)

21 slides from Kosmos Energy's conference presentation, Nov 7, 2005

1. Slide 1: Kosmos Energy LLC Strategy and Portfolio

   2nd Annual African Independents Forum Kosmos Energy LLC Strategy and Portfolio Brian F. Maxted Capetown, South Africa Partner November 7, 2005 1 Good morning, I am Brian F. Maxted, a Founding Partner of Kosmos Energy. 1

2. Slide 2: Who Are We?

   Who Are We?  Strong Management Team  Successful track record  Sound financial WarburgPincus partners The Blackstone Group 2 Kosmos Energy LLC is a privately held independent oil and gas exploration company based in Dallas, Texas, USA. The Company has a strong management team with a successful tra

3. Slide 3: What Are We Trying To Accomplish?

   What Are We Trying To Accomplish?  Vision - Build a highly marketable E&P enterprise with a West Africa focus  Mission – create a company with an enterprise value of $1billion to $2billion Fishing offshore Accra  Goal – Realize value in 5-7 years 3 Over the next five to seven years, Kosmos manage

4. Slide 4: How Are We Trying To Accomplish It?

   How Are We Trying To Accomplish It?  Objectives –discover multiple oil fields and accelerate their development  Strategy – high- impact exploration  Plan – drill 10 to 12 wildcat wells or ‘shots on goal’ Triton Energy Ceiba Field Discovery 1999 offshore Equatorial Guinea 4 Kosmos’s objectives are

5. Slide 5: How Are We Trying To Do It?

   How Are We Trying To Do It? Reserves Primary exploration Secondary exploration  Portfolio centered on “Creaming the Emerging sector Curve” but also include interests in the Growing Sector and as well as a Frontier Kosmos Plan sector opportunity of choice Time n tier ing ing r ing Fro e rg r ow atu

6. Slide 6: Focus

   Focus Petroleum NW Systems Africa Sectors Frontier Emerging Transform Growing Margin Niger Maturing Delta Salt Provinces Basin Tertiary Deltas SW Cretaceous basins Africa Mesozoic margins 6 Kosmos’s West Africa focus extends from Morocco to South Africa. The petroleum systems of the continent’s Sout

7. Slide 7: Niche

   Niche  Thematic focus on Upper Cretaceous and early Tertiary combined structural- stratigraphic plays differentiates Kosmos  Emphasis on 3D seismic attribute analysis, regional geology and new Bioko Island, Equatorial Guinea technology to manage risk 7 A specific, thematic emphasis on Upper Cretac

8. Slide 8: Tactics

   Tactics  Preemptively take risk below and above-ground to create opportunity  Undertake integrated, ‘bottoms-up’ basin and petroleum system A Gas Station in Benin evaluation  Foster relationships with foreign companies, indigenous players and state governments Abuja, Nigeria 8 To implement Kosmos

9. Slide 9: Positioning

   Positioning Primary Secondary Exploration Exploration Strategic Reserves Opportunities  Petroleum systems are assigned to an Tertiary industry segment Deltas to define potentially strategic business Cretaceous development & Older options Margins Time tierergin g ing in g o n elop tur Fr Em De v Ma

10. Slide 10: Investment Drivers

    Investment Drivers  Type – high potential  Nature – play diversity and prospect dependency  Scope – large licences  Opportunity – affordable with good terms  Timing – long term Mount Cameroon contracts 10 The drivers include high potential exploration opportunities with good play diversity to m

11. Slide 11: Focus

    Strategic Fit Potential (sub-surface risked reserves) Focus  Petroleum High systems are ranked and prioritized based Medium on a matrix of resource potential and Low opportunity to enable Low Medium High opportunity Opportunity selection Frontier (above ground risks – Emerging economic/contractual/

12. Slide 12: Where Are We Now?

    Where Are We Now?  Kosmos Energy LLC formed 2003  Funding Closes 3/04  Projects captured:  Ghana – WCTP July ‘04  Benin – Block 4 signed July ‘04 ‘First Oil’ celebration,  South Morocco – Boujdour Equatorial Guinea 2001 signed September ’04  Nigeria interest secured March ‘05  Cameroon – Kom

13. Slide 13: Our Position So Far

    Our Position So Far  4 exploration assets - Ghana, Benin, Cameroon and Morocco plus an economic interest in a fifth (Nigeria) Ca m Nig eroon  Represented in four eria petroleum systems – Mo roc Be NW Africa, Transform co ni Gh n Margin, Salt Basin and ana Niger Delta  Total gross area c. Current

14. Slide 14: Portfolio As of 3Q'05

    Portfolio As of 3Q’05 Primary Secondary Reserves Exploration Exploration New Venture Tertiary Focus Deltas DW Nigeria South Morocco Cretaceous Cameroon and Ghana- Older Margins Benin Time r ntie ergi n g ing in g o lop tur F r E m De ve Ma 14 Our current assets are strategically positioned within th

15. Slide 15: Ghana West Cape Three Points

    Ghana West Cape Three Points  Includes a ready-to- drill, moderate risk, high potential Upper Cretaceous structural prospect, as well as an untested structural- stratigraphic trap which offers high impact upside  Strong, calibrated geophysical support for charge and reservoir 15 Kosmos’s current p

16. Slide 16: Benin Block 4

    Benin Block 4  Provides Kosmos Flat spot Class III exposure to high AVO potential Cretaceous Class II structural AVO prospectivity strongly Amplitude supported by direct Switch-off hydrocarbon 600m indicators column Flat spot  Combination structural- stratigraphic plays offer significant upside 16

17. Slide 17: Nigeria

    Nigeria  Deep water Niger Delta provides Kosmos exposure to lower risk, very high Deep water Nigeria reward stratigraphic plays which have analogy to existing fields in the Congo Fan Girassol Field Kuito Field Block 17 Angola Block 14 Angola 17 Kosmos is also exposed to lower risk, very high reward

18. Slide 18: Cameroon Kombe-Nsepe

    Cameroon Kombe-Nsepe  Cameroon presents Kombe-Nsepe Kosmos the Niger Delta opportunity to explore for combination traps on the Upper Douala Basin Cretaceous fairway along trend and to Devon the north of the discovery Block P look-alikes finds in EG the Rio Muni Basin Upper Cretaceous -Early Tertiar

19. Slide 19: Morocco Boujdour

    Morocco Boujdour  Morocco offers Kosmos high risk very high reward structural plays for the longer term 0 10 km 19 In the longer term, Morocco gives Kosmos exposure to high risk, very high reward structural plays. 19

20. Slide 20: Program

    Program Time  Current Program Asset 2004 2005 2006 2007 2008 2009  3D seismic acquired in Ghana Ghana, planned for Benin, Morocco Nigeria  Up to 8 wells Benin with first drilling end 2006 Nigeria Cameroon  New Ventures  designed to New deliver an Ventures additional 2-4 exploration Current Term

21. Slide 21: Thank you.

    KOSMOS ENERGY Thank you. 21

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