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Cobalt to Drill Sidetrack Well at North Platte Discovery; Talks Q4 Ops
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Cobalt eported its Q4 2016 results.
Operational UpdateIn the deepwater Gulf of Mexico, as announced earlier this year, Cobalt's North Platte #4 appraisal well encountered approximately 650 feet of net oil pay, with initial results indicating high quality Inboard Lower Tertiary Wilcox reservoirs on the eastern flank of the field. Appraisal operations continue at North Platte, where Cobalt has recently completed the drilling of the North Platte #4 sidetrack well to further analyze the extent of the eastern flank. The well encountered oil and has confirmed that reservoir quality sands are present across the entirety of the eastern flank.
Cobalt now plans to drill a second sidetrack to core and gather fluid samples, and expects to complete these operations in the second quarter. Reservoir…
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