Cobalt Annual Report 2015 - page 6

COBALT INTERNATIONAL ENERGY, INC.
—4—
OUR CONTINUED COMMITMENT
TO THE DEEPWATER GULF OF MEXICO
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Significant oil potential
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The world’s technology proving ground
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Existing infrastructure
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Stable fiscal terms and mature regulatory system
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Cobalt’s assets attractive even in today’s environment
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Cobalt advantaged with proven core competencies
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~1.3 million acres leased; ~90% Cobalt-operated
Subsalt Miocene
Lower Tertiary
Cobalt Leases
Cobalt Discovery
Current Operations
2016 Exploration Well
1,2,3,4,5 7,8,9,10,11,12,13,14,15,16,...136
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