Cobalt International Energy, Inc. Confirms Significant Pre-salt Discovery at its Lontra #1 Well, Offshore Angola
The Lontra #1 exploratory well was drilled to a total depth of 4,195 meters (13,763 feet) and penetrated approximately 75 meters (250 feet) of net pay in a very high quality reservoir section. The discovery well encountered both a high liquids content gas interval and an oil interval. The drill stem test was conducted in the high liquids content gas interval in order to acquire data on the flow capacity and fluid composition of this interval.
“We and our partners Sonangol P&P and BP are very pleased with the
results of our Lontra #1 discovery,” said
Following the temporary abandonment of the Lontra #1 well, Cobalt has mobilized the Petroserv SSV Catarina rig to drill the Orca #1 Pre-salt exploratory well (formerly the Baleia Prospect), located approximately 15 miles (25 kilometers) northeast of Lontra in Block 20. Cobalt, as operator, owns a 40 percent working interest in both Lontra and Orca.
Partners in Block 20 are BP and Sonangol P&P, each with a 30 percent working interest.
A conference call for investors will be held on
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will be available shortly after the call and can be accessed by dialing
(877) 870-5176, or for international callers, (858) 384-5517. The
passcode for the replay is 13573180. The replay will be available until
Cobalt is an independent exploration and production company active in
the deepwater U.S. Gulf of
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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
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Cobalt International Energy, Inc.
John P. Wilkirson, +1-713-452-2322
Chief Financial Officer
Lynne L. Hackedorn, +1-713-579-9115
Vice President, Government and Public Affairs