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Cobalt International Energy, Inc. (NYSE:CIE) Updates on Gulf of Mexico Drilling Operations

 
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Las Vegas, NV -- (SBWIRE) -- 12/20/2013 -- Cobalt International Energy, Inc. (NYSE:CIE) searches for oil in the properties of US and Mexico. The company also focuses on salt prospects in US Gulf of Mexico, Angola and Gabon, Africa. The segmentation of country on geographical basis is such that there is the U.S. Gulf of Mexico segment and the West Africa. The company targets subsalt Miocene and Inboard Lower Tertiary horizons for its oil segment. CIE drilled 4 exploratory wells in Gulf of Mexico.

Cobalt International Energy, Inc shared that its exploratory well Aegean #1 on Keathley Canyon Block 163 reached its depth. The well is located in the U.S. Gulf of Mexico. The well reached depth of 34,701 feet MD.

Cobalt International says that there were no commercial hydrocarbons in the targeted zones. The company serves as operator and holds 60% working interest in Aegean.

To find out what OTCMAGIC projects for Cobalt International Energy, Inc. for both short term and long term please click here: CIE

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