The second phase of our exploration program offshore Mauritania, in the third quarter of 2017, is focused on finding liquids. We are currently maturing and ranking our prospect inventory with the expectation that we will test two independent multi-billion barrel prospects on the basin floor fan fairways offshore Mauritania. These two wells will test approximately - 4 to 5 billion barrels of oil equivalent of unrisked, gross potential. We believe they are some of the largest prospects the industry will drill anywhere in the world during the next 18 months. MANAGING OUR FOOTPRINT In 2016, we focused on scaling up our office staff and reviewing supply chain opportunities for investing in local content. Our office in Nouakchott is staffed with 100% Mauritanian citizens, and we prioritize the personal and professional development of these employees. We have also introduced training programs for local suppliers and their staff focused on workplace health and safety, as well as labor rights. In 2016, Kosmos sent a multi- disciplinary team to Mauritania to conduct an infrastructure assessment, which included tours of ports and quarries, as well as visits 30 Kosmos currently holds petroleum contracts for four blocks offshore Mauritania – C6, C8, C12 and C13 – covering over 31,000 square kilometers. Kosmos has built on the exploration success we had offshore Mauritania in 2015, when we made two major discoveries of natural gas. In 2016, we acquired more than 6,000 square kilometers of seismic data as part of a larger survey that will eventually cover a total of 11,000 square kilometers. MAURITANIA MAURITANIA SENEGAL BLOCK C13 BLOCK C8 BLOCK C12 BLOCK C6 Atlantic Ocean