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0.0349344978165939 0.0873362445414848 0.200873362445415 0.310043668122271 0.266375545851529 0.179039301310044 0.200873362445415 0.222707423580786
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Cobalt International Energy, Inc. Announces Agreement to Expand the Anchor Unit

COBALT INTL (CIE)  More Company Research Source: Business Wire
US:NYSE Investor Relations: cobaltintl.com/investor-center
PDF HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s two leases immediately south of the current Anchor unit (Green Canyon blocks 850 and 851) into the existing Anchor unit. The transfer of interests in the two leases and the revised Anchor unit are subject to customary regulatory approval. Following such approval, Cobalt will retain a 20% working interest in the revised Anchor Unit. Timothy J. Cutt, Cobalt’s Chief Executive Officer, stated, “Expansion of the Anchor unit to include Cobalt’s two blocks to the south is key to optimizing the development plan and increasing oil recovery from Anchor as the reservoir clearly extends onto these blocks. This agreement makes Anchor even more attractive of a development going forward, whether for [Read more]

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