Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Investor Presentation (June 2013)
21 slides from Kosmos Energy's investor presentation, June 2013
Slide 1: Investor Presentation
Investor Presentation June 2013
Slide 2: Compelling Value Proposition
Compelling Value Proposition Asymmetric risk / reward opportunity • World-Class Assets in Ghana – Significant, de-risked and visible production and cash flow growth – Long-term production plateau with potential further increases at Jubilee – Oil-focused additional developments at TEN & MTA • Robust
Slide 3: Proven and Disciplined Business Strategy
Proven and Disciplined Business Strategy KOSMGS ENERGY. Focus on high-volume, high- value petroleum systems People and First Mover Process Advantage Concentrated Portfolio Maximized Returns % a. >, © a4 High Volume, pa) High Value i Barrels $ | S| BS & Accelerated ‘ Rifle-shot Appraisal y Exploratio
Slide 4: High Quality, Oil-Levered Portfolio
High Quality, Oil-Levered Portfolio KOSMwsS Meaningful production growth with transformational upside ¢ Ghana Asset - Tano Basin Petroleum <m System © Kosmos Production and Development C — West Africa Transform Margin © Kosmos Exploration ~ IRELAND Cretaceous play i — Significant long-term productio
Slide 5: Ghana - Tano Basin Petroleum System
Ghana - Tano Basin Petroleum System KOSMwS Foundation of the Company and platform for future growth GHANA ~»* World-class Jubilee Field — Outstanding reservoir performance — Long-life production plateau — Debottlenecking opportunities to expand facility capacity * Other Developments Progressing — Po
Slide 6: Jubilee Field
KOSMwS Jubilee Field ws World-class find and landmark development Gross Field Production Average (MBpd) 120 * Discovery Mid-2007, First Oil Late 2010 105-115 Strong Reservoir and Field Performance — 600 MMBbI +, dependent on ultimate recovery — Successful acid stimulation program enhanced Phase 1 we
Slide 7: Greater Jubilee Area Potential
Greater Jubilee Area Potential KOSMwS Substantial long-term production and cash flow to Kosmos * Multi-year Production Plateau Anticipated — Long-life profile supported by additional development at Jubilee and MTA resources — Focus on debottlenecking FPSO for long-term increase beyond 120 MBpd * Add
Slide 8: Second Major Offshore Project
Second Major Offshore Project KOSMwS ENERGY. Defined production growth at Greater TEN area ¢ FPSO Plan of Development Approved — Pmean ~250 MMBbI oil, with additional gas development planned — Finalizing and awarding all major contracts * Targeted Initial Capacity of 80 MBpd, Gross — Flexible and ex
Slide 9: Opening the Next Major Petroleum System
Opening the Next Major Petroleum System KOSM@®S ENERGY. Expanding and optimizing portfolio of opportunities ¢ Atlantic Margin Focus — First mover into NW Africa pre-salt (Morocco) — Initial entry into NE Latin America (Suriname) — Re-entry into West Africa Transform Margin (Mauritania) — Expanded th
Slide 10: NW Africa Petroleum Systems
NW Africa Petroleum Systems KOSMws ENERGY. Morocco — overlooked frontier opportunity with meaningful potential e : i 5 { 13.7 MM Gross Acres (55,630 km? Two High-potential Petroleum Systems 4) {300 km 200 miles ESSAQUIRA* — Offshore Agadir and Aaiun Basins — Equivalent to over 2,300 GOM blocks TARHA
Slide 11: Offshore Agadir Basin Petroleum System
Offshore Agadir Basin Petroleum System KOSMGS ENERGY. First mover in NW Africa pre-salt play * Only Undrilled Salt Basin in South Atlantic Margin — All petroleum system elements present — Play diversity and prospect dependency — Quickly advancing seismic acquisition and processing * Substantial Rece
Slide 12: Offshore Aaiun Basin Petroleum System
Offshore Aaiun Basin Petroleum System KOSMwS Cap Boujdour — game-changing exploration potential * Substantial Undrilled Cretaceous Delta — Similar in size to Niger Delta — Multiple independent play concepts — Combination stratigraphic traps and structural closures — AVO-supported Lower Cretaceous sl
Slide 13: Offshore Mauritania Petroleum System
Offshore Mauritania Petroleum System KOSMw’S Mauritania — core geologic theme in same geography 5 ¢ Upper Cretaceous Play Concept Secor wv 4 — Second-cycle exploration opportunity witcher y — Untested position down-dip in a proven basin MAURITANIA — Significant industry activity/drilling in 2013 \ *
Slide 14: Suriname — Guyana Petroleum System
Suriname — Guyana Petroleum System KOSMWS ENERGY. Suriname — expansion of core geologic theme across the Atlantic ¢ Premier Position in Proven Basin — Tambaredjo oil field charged by deepwater Cretaceous kitchen — Attracted Chevron as industry partner ¢ Progressing Seismic Interpretation ~ (50% BLOC
Slide 15: Ireland — Porcupine Basin
lreland — Porcupine Basin KOSMwS ENERGY. Core Cretaceous stratigraphic play in Atlantic Margin | 0.8 MM Gross Acres (3,410 km?) * Underexplored & Proven Petroleum | 500-2,000 m Water Depth +. 250 km «) |150 miles System — Primary source rock Jurassic in age — Nearby existing oil and gas discoveries
Slide 16: Exploration Drilling Calendar
Exploration Drilling Calendar KOSMwS ENERGY. Rifle-shot exploration - multiple petroleum system tests annually Suriname Mauritania Portfolio Growth | M@Capture MHSeismic Acquire and Processing _ Targeted Drilling Note: Ireland pending assignment as Frontier Exploration License. 16
Slide 17: Robust Financial Capacity
Robust Financial Capacity KOSMwS ENERGY. Fully funded to execute forward exploration and development Conservative Capital Structure with Financial Liquidity Liquidity") Of $1.1 Billion as of 1Q ($MM) 2013 Substantial Annual Cash Flows — Anticipated sales of nine Jubilee cargoes in 2013, net to Kosmo
Slide 18: 2013 Capital Program Investments
2013 Capital Program Investments KOSMwS ENERGY. Disciplined approach to growth Global Exploration * Sustaining and Expanding Production and Appraisal — Implementing Phase 1A at Jubilee H — Debottlenecking Jubilee for upside — Initial spending for TEN development * Maturing Exploration Assets to Dril
Slide 19: Differentiated Investment Opportunity
Differentiated Investment Opportunity KOSMwsS ENERGY. Asymmetric risk / reward opportunity Value * World-Class Ghana Assets Underpin Growth Substantial Value — Significant, de-risked production and cash flow growth New— — Long-term production plateau at Jubilee Opportunities — Approved PoD at TEN ¢
Slide 20: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation
Slide 21: KOSMwS
KOSMwS ENERGY. 21