Cobalt Energy +3.6% on Angola offshore discovery

Cobalt Energy (CIE) +3.6% premarket on news of its first discovery in the Syn-rift interval in the Bicuar #1A Pre-salt deepwater exploratory well offshore Angola.

The well was successfully drilled to a measured depth of 5,739 meters and encountered ~180 ft. of net pay from multiple pre-salt intervals.

CIE says the Bicuar #1A well is especially significant because it is the first discovery of mobile hydrocarbons that have been tested in the deeper pre-salt Syn-rift reservoir; it is CIE's fourth deepwater pre-salt discovery offshore Angola.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs