Despite Cobalt Energy's (CIE) widening Q2 loss on a large charge related to some of its Gulf of...

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

Despite Cobalt Energy's (CIE) widening Q2 loss on a large charge related to some of its Gulf of Mexico well projects, shares +13.5% premarket on encouraging news that its Cameia No. 2 appraisal well offshore Angola has tapped a large hydrocarbon accumulation, discovering oil deposits deeper than those found in Cameia No. 1.