Deepwater oil explorer Cobalt International Energy (CIE) +33.8% premarket after test results at...

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

Deepwater oil explorer Cobalt International Energy (CIE) +33.8% premarket after test results at an oil discovery off Angola exceed expectations and boost confidence in its West African pre-salt exploration prospects. Cobalt, whose main stakeholder is Goldman Sachs, says tests at its Cameia-1 well confirm the presence of a 1,180-foot "gross continuous oil column."