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Boujdour block which includes a diverse range of independent plays and fairways with multiple prospects. Going forward the key exploration challenge is finding reservoirs of commercial size and quality. We are analyzing the information gathered from CB-1 and integrating it with additional 3D seismic data we recently acquired to refine our exploration plan including deciding on the location and timing of a potential second well. Bringing Benefits to the Region Prior to drilling the CB-1 exploration well Kosmos commissioned a leading global consulting company to complete an early-stage oil and gas supply chain analysis which included a field mission to Western Sahara and locations within Morocco. This study has contributed to our understanding of the region so that in the event of exploration success we can maximize local employment and supply chain opportunities. Rather than using existing facilities in Agadir Morocco or Las Palmas Spain to support CB-1 drilling operations Kosmos chose to support its offshore crew change operations from Dakhla. Kosmos invested capital into improving the Dakhla airport by expanding its heliport. The heliport project resulted in the construction of temporary hangers enabling Kosmos helicopters to use the facility. Local companies were hired to do the construction and the project demonstrated our commitment to investing in Western Sahara. A Kosmos community relations coordinator has been living and working in Dakhla since November 2014 to meet with local people regarding our exploration plans and ongoing social investment programs. ENGAGEMENT AND LISTENING Prior to drilling the CB-1 exploration well Kosmos conducted a Social Impact Assessment SIA in Western Sahara to present the project to local stakeholders and identify and address potential concerns. This assessment was conducted to complement the EIA that Kosmos had conducted earlier in the year. The SIA strengthened our understanding of potential socioeconomic impacts and created a strong foundation for our ongoing local dialogue. While an SIA is a standard practice of the oil and gas industry worldwide we believe this is the first time an international company operating in Western Sahara has initiated such a process. The SIA study area was defined according to potential impacts of the drilling project and also took into account the bigger picture of a possible oil discovery offshore Western Sahara. Consultations targeted individuals that may have been potentially impacted or concerned that they would be impacted by our operations. We held meetings with elected officials business leaders tribal leaders as well as representatives from civil society organizations the tourism industry and the fishing community. Because Kosmos exploration well was to be drilled far offshore with a limited onshore presence many of our meetings specifically targeted coastal businesses and organizations related to tourism and fishing. The SIA helped to validate and confirm the findings of the Environmental Impact Assessment as well as the social baseline study. The assessment did not reveal any significant adverse impacts from the drilling project. However the process did draw our attention to several important local concerns that we immediately worked to address particularly in the areas of access to benefits the environment and transparency. Stakeholder feedback also highlighted key local issues that will require ongoing commitment and attention even as the broader sociopolitical issues regarding a potential discovery are addressed. In our Position Statement and the Joint Declaration of Principles both of which are available on our corporate website www. kosmosenergy.com and our Western Sahara-specific website www. kosmosinwesternsahara.com we have publicly committed to ensuring that local populations are involved consulted and benefit equitably and in a transparent manner from any potential future development. 27