Investor Presentaiton

Breakeven Price1 The Best Deepwater & Shale Companies Will Win KOSMOS ENERGY. High-quality deepwater assets can compete for capital with the best of shale; execution efficiency and quality of acreage matter to both $50 $45 $40 $35 Breakeven Price of Top Quartile Assets Deepwater Shale 1. Source: RS Energy Group, PV-10 Breakeven at 20:1 WTI:HH Ratio (RS Energy Group) 2. Source: Rystad Energy Note: Shale plays include: Eagle Ford, NW Shelf, San Juan Basin, DJ Basin, CBP, Viking, and Permian (Delaware and Midland) Jubilee Global Oil Supply² 2017 Deepwater Shale Rest of World 12% 7% 6

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