“Today’s announcement is another important milestone for Cobalt,” said
“North Platte is particularly important for Cobalt because it confirms
our geologic model of the Inboard Lower Tertiary Trend where Cobalt
holds a substantial acreage position with several follow-on prospects,”
“We are very happy to announce Cobalt’s first operated Inboard Lower
Tertiary discovery in this exciting basin,” said
North Platte is located in approximately 4,400 feet of water and was
drilled to a total depth of approximately 34,500 feet. Cobalt first
attempted to drill this prospect in
Cobalt is the operator of North Platte and has a 60 percent working
interest in the prospect.
Presentation materials associated with the North Platte discovery were made available on the Investors-Presentations and Publications section of Cobalt’s website at www.cobaltintl.com concurrently with the issuance of this news release.
Cobalt is an independent oil exploration and production company focusing
on the deepwater U.S. Gulf of
This press release includes “forward-looking statements” within the
meaning of the safe harbor provisions of the Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 — that is, statements related to future, not past, events.
Forward-looking statements are based on current expectations and include
any statement that does not directly relate to a current or historical
fact. In this context, forward-looking statements often address Cobalt’s
expected future business and financial performance, and often contain
words such as “anticipate,” “believe,” “intend,” “expect,” “plan,”
“will” or other similar words. These forward-looking statements involve
certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially from
those anticipated in such statements. For further discussion of risks
and uncertainties, individuals should refer to Cobalt’s
Cobalt International Energy, Inc.
Richard A. Smith, Vice President, Investor Relations and Planning
+1 (713) 579-9141
Lynne L. Hackedorn, Vice President, Government and Public Affairs
+1 (713) 579-9115