1. IPAA OGIS Conference New York April 18, 2005

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3. 3 Triton’s Primary Areas of Activity Triton Business Model High Impact International E & P

4. 4 Kosmos Business Model Replicating Triton Success: Focus W. Africa  Key Success Factors  Strategy - high-impact exploration / accelerated development  Portfolio - focus in basins with significant geological potential and multiple business opportunities  Operating - cost efficient culture  Financing - liquid and pre-funded  Organization - effectively resourced  Results  10-fold increase in total equity value from 4Q’98 to monetization in mid-2001 (stock appreciation from $5.19/s to $45/s cash sale)  Private equity investor tripled investment in 2.5 years

5. 5 Principal area of interest Strategy - Why West Africa ? Our People Will Differentiate Us!  High impact - >500MMBO gross potential  By-pass plays of majors with 50-100MMBO discovery size  New and under-explored plays/ fairways in established provinces; frontier basins  High working interest/operatorship  New venture/ farm-in access

6. 6  Executive leaders and Board level players  Full value chain knowledge, skills and experience with international focus  Individual/team track records of repeated business success  Demonstrable public and private shareholder value delivery  A proven team with leading industry reputations Leadership Management makes the difference The founding partnership offers a rare opportunity to invest with a top tier Management Team in the global petroleum sector

7. 7 Time Reserves (BBO) Shallow water/ onshore salt basins Deepwater & salt basins / Transform Margin (Cretaceous) Congo Fan and Niger Delta (Tertiary) MatureFrontier Exploration  Exploration Opportunities  Frontier Basins in Deep Water  New plays/ fairways in proven basins onshore/ shallow water Strategy - Why West Africa ? Exploration Opportunity  Early In Exploration Cycle  Opportunities to find multiple large fields  Large database of seismic available – Majors legacy  Prior efforts largely limited to ultra-large, simple, low- risk four way dip closures

8. 8  Vision  Build a world-class international exploration and production company focused on West Africa  Mission  Raise initial equity capital commitment of $300 MM  Create enterprise value of $1 to 2 Billion  Return on investment targeting mid 30% plus  Monetization Strategy  Realize value in 4 to 7 years  Monetize investment through:  IPO  Asset or company sale Investment Plan Create a Highly Marketable Global Enterprise

9. 9  General & Administrative Tier  Costs to assemble license/acreage portfolio  General office and staff costs  Portfolio Aggregation & Exploration Tier  Funds activity on company licenses  Seismic and related pre-drill evaluation  Exploration drilling and evaluation  Geological and other studies  Development Funding Tier  As needed to realize discovery value  Funds necessary appraisal & development activity Investment Structure Three Tier Commitment

10. 10 Investment/Capital Raising Process Kosmos Energy Experience Kosmos is different from typical E&P investments –All international – West Africa –Pure exploration play, no reserves –Longer exploration cycle time Time and effort substantially greater than anticipated –Need to educate potential investors –Investment universe smaller - outside N. America Capital Structure –Financial capability/scale critically important Higher oil prices increasing competition

11. 11 Combined Contract Area: 124,109 Km 2 (Equiv.4900 GoM Blocks) West Cape Three Points Block 4 Pending) Block 320 (pending) Boujdour Permit Kosmos Areas of Activity