Cobalt Energy +4.5% on Mavinga-1 flow test off Angola

|About: Cobalt International Energy... (CIE)|By:, SA News Editor

Cobalt Energy (CIE +4.5) is believed to be running a flow test on its Mavinga-1 exploration well off Angola, raising the prospect the operator may have a third pre-salt discovery in the country, Upstream reports.

Test results of CIE's Cameia #1 discovery confirmed the presence of an expansive pre-salt hydrocarbon reservoir offshore Angola, and the Cameia #2 appraisal well has provided validating evidence allowing more work toward the sanctioning of an early production system, according to the company website.