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Investor Presentaiton

Equatorial Guinea: 2018 Work Program KOSMOS Activities focused on maximizing existing resource value and finding new resources, with 2018 work program enabling 2019 tie-back focused drilling ENERGY. Maximizing Value of Existing Resource¹ 80 70 60 Enhanced Production 50 Tie 40 Back Potential 30 20 10 0 2017 2018 Previous Operator 2019 2020 2021 2022 Maximizing Value Of Existing Resource Finding New Resource 1. Illustrative production profile 2. ESP installations expected to generate > 100% rate of return 2023 2024 2025 2026 Kosmos/Trident Further Value Enhancement Decreased ARO via: Optimized work scope Cost deflation Lower NPV from higher discounting due to field life extension With Exploration Success 2027 2028 2029 Extended Field Life 2030 1H:18 2H:18 Existing well optimization 50 km 40 miles Gulf of Guinea Finding New Resource BLOCK W EG-21 Okume Ceiba BLOCK S 3D seismic survey EQUATORIAL GUINEA 1H:19 2H:19 2020+ Waterflood Optimization Phase 1 ESP installation² Acquire 3D Seismic over Blocks W, S, EG-21 Process acquired 3D seismic Infield / Near Field: Short Cycle Tie Backs Large, standalone Prospects 10
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