Follow by Email

Saturday, February 23, 2013

$CIE Upside in Angola

$CIE Upside in Angola

The Blocks 9, 20, and 21 of offhsore Angola are also pre-salt, and Cobalt International Energy (NYSE: CIE) has a 40% stake in each of them. It is also the operator on all three blocks that cover an area of 5,600 square miles. In 2012, it discovered Cameia in Block 21, a well with a rate of 7,400 boepd. The company believes that the full production of Cameia will produce 20,000 boepd. Cobalt will drill another test well in Block 9 by year end.  

No comments:

Post a Comment