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Cobalt Focuses on Appraisal Drilling in Q3; Plans to Market Angola Asset
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Cobalt International Energy reported its Q3 2016 results.
Key Points:Marketing Angola Assets
With regard to Angola, Cobalt opened a data room and has been actively marketing Cobalt’s 40% working interest in Angola Blocks 20 and 21.Appraisal Well Drilling Underway
North Platte #4: Commenced drilling in September 2016, has a projected total measured depth of 34,303 feet and is designed to further delineate the North Platte Inboard Lower Tertiary reservoir (results expected in early 2017) Anchor #4: Projected total measured depth of 34,108 feet (results expected in early 2017) Anticipates drilling to commence on the Shenandoah #6 appraisal well in late 2016 or early 2017. Operational UpdateIn the deepwater Gulf of Mexico, appraisal operations continue at North Platte, where…
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