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Cobalt Focuses on Angola, GOM Discoveries in 2Q; Key Wells
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Cobalt International Energy Inc. has reported its second quarter 2015 results.
Operational UpdateCobalt continues to appraise and develop several of its discoveries in Angola and the Gulf of Mexico, with a focus on progressing each to potential sanction while simultaneously evaluating financing, partnership or other potential means of enhancing shareholder value.
In Angola Block 21, Cobalt completed drilling operations on the Cameia #4 well, which was successful and consistent with pre-drill expectations. The Cameia #4 well will be utilized as a production well. Cobalt recently spud the Cameia #5 well and expects to maintain an ongoing drilling program at Cameia for the remainder of 2015. Cobalt anticipates formal project sanction of Cameia by year-end 2015, and first production from…
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