Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Barclays CEO Energy-Power Conference 2011
19 slides from Kosmos Energy's conference presentation, Sep 7, 2011
Slide 1: September 2011 Barclays CEO Energy-Power Conference
September 2011 Barclays CEO Energy-Power Conference
Slide 2: Delivering Success: Investment Highlights
2 Strong Financial Position Substantial cash flows Approximately $1 billion of liquidity Continued Exploration Success New discoveries and upcoming catalysts in existing areas Portfolio expansion provides new growth opportunities Differentiated, Proven Strategy Focus on finding new petroleum systems
Slide 3: Proven Business Plan
3 Proven Business Plan Objective Find and quickly develop large quantities of high-value barrels Results Proven and repeatable World-class Ghana asset with high-potential exploration Strategy Focus on frontier and emerging petroleum systems Thematic, rifle shot approach to exploration - Concentrated
Slide 4: Creating, Maximizing, and Delivering Value
4 Creating, Maximizing, and Delivering Value Net unrisked mean discovered resources ~ 500 MMboe 2003 – 2006 Kosmos founded West Africa portfolio identified and captured Jubilee discovery – New major scale hydrocarbon basin 2007 2010 Jubilee first oil - record time Enyenra discovery 2011 NYSE KOS lis
Slide 5: Attractive Portfolio of Opportunities
5 Attractive Portfolio of Opportunities Significant discovered resources and substantial exploration potential High-potential, Oil-levered Positions Based on West Africa Late Cretaceous Theme Strong and Growing Production from Jubilee Multiple Discoveries Under Appraisal and Development Upcoming Exp
Slide 6: Development Pipeline
6 Development Pipeline 7 additional oil and gas-condensate discoveries Undergoing appraisal and pre-development Ghana Asset Position Foundation of the Company and platform for success West Cape Three Points 30.875% WI, operated by KOS Deepwater Tano 18% WI Jubilee Field Ramping Up ~120 Mbopd gross a
Slide 7: Jubilee: Basin-Opening Discovery
7 Jubilee: Basin-Opening Discovery Jubilee Discovery (2007) 600 MMboe to > 1Bboe gross resources Ramping up to ~120 Mbopd around YE 2011 Premium to Brent pricing Highly productive capability Phase 1A planning underway Technical Operator for Development Record cycle time – 42 months Facilities delive
Slide 8: Deepwater Tano Developments
8 Deepwater Tano Developments Near-term FPSO project sanction Enyenra Discovery (2010) Primarily oil encountered Sanction targeted 1H 2012 Initial two well appraisal program underway Tweneboa / Ntomme Discovery (2009) Liquid-rich gas condensate and oil Successful drill stem tests Appraisal activitie
Slide 9: West Cape Three Points Developments
9 West Cape Three Points Developments Potential integrated approach for medium-term growth Mahogany East Discovery (2008) Multiple oil-bearing reservoirs Plan of development submitted, further delineation planned Teak Discovery (2011) Oil and gas condensate encountered Six reservoirs High-impact app
Slide 10: Ghana Exploration Upside
10 Ghana Exploration Upside Deepwater Tano 2012 program focused on new prospects - 2 to 3 exploration wells in 2012 Substantial upside in de-risked plays with deeper (Cenomanian) potential West Cape Three Points Cedrela prospect - 4Q 2011 targeted – currently in discussions with Ghana government - T
Slide 11: Cameroon Exploration
11 Cameroon Exploration Onshore extension of two proven deepwater fairways Kombe-N’sepe Block Douala Basin 35% WI Integrating recent well results Approximately 750K gross acres Ndian River Block Niger River Delta play – Rio Del Rey Basin 100% WI, operated by Kosmos Over 400K gross acres Multiple pro
Slide 12: Morocco Exploration
12 Morocco Exploration Two underexplored, frontier basins with large potential Cap Boujdour 75.0% WI, operated by KOS Cretaceous targets with three independent play fairways 15+ high-graded, defined prospects Potentially drill as early as 2013 Foum Assaka Successful execution of New Ventures process
Slide 13: Cap Boujdour: Unexplored Petroleum System with Play Diversity
13 7.3 MM gross acres – Multi-billion barrel potential And Prospect Dependency A very large, unexplored Cretaceous river delta system 75% WI operated by Kosmos Cap Boujdour Unexplored Petroleum System with Play Diversity
Slide 14: Foum Assaka: Overlooked & Underexplored Petroleum System
14 1.6 MM gross acres – new ventures success Foum Assaka An overlooked petroleum system with multiple exploration opportunities 37.5% WI operated by Kosmos Multiple Plays and Fairways Overlooked & Underexplored Petroleum System
Slide 15: New Ventures: Finding More Oil
15 New Ventures: Finding More Oil Differentiated strategy and disciplined, repeatable exploration approach Petroleum System(s) Focus: Existing theme, existing geography – expand in current areas Existing theme, new geography – export success to new areas New theme, new geography – uncover new ideas
Slide 16: Strong Financial Position
16 $ in millions 6/30/2011 Cash & Cash Equivalents $818 Restricted Cash $26 Credit Facility $1,300 Total Shareholders Equity 892 Total Capitalization 2,192 Total Liquidity $972 Financial Capacity Total liquidity reflects cash plus borrowing base less revolver borrowings Conservative Capital Structur
Slide 17: Ramping Jubilee Up to Full Production
17 Ramping Jubilee Up to Full Production Sustainable for multiple years Creating, Maximizing, and Delivering Value Progressing Next Developments Multiple discoveries on WCTP and DT Expect near-term project sanctions Executing Near-term Drilling Catalysts Cedrela exploration, Teak and Enyenra apprais
Slide 18: Disclaimer
18 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 presentat
Slide 19: Kosmos Energy
KOSM®&S ENERGY
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