reports
Cobalt International Energy, Inc. Commences Chapter 11 Cases to Facili...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it and certain of its U.S. affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Chapter 11 Cases”). Cobalt expects to conduct business in the ordinary course, and its cash on hand is expected to provide Cobalt with adequate liquidity to fund its operations during the restructuring process. The Chapter 11 Ca...
Cobalt International Energy, Inc. (CIE) - Oil & Gas - Deals and Allian...
Summary Cobalt International Energy, Inc. (Cobalt) is an independent upstream oil and gas company. The company explores for, develops and produces oil and gas from its assets. It has assets in deepwater US Gulf of Mexico and offshore Angola and Gabon in West Africa. The company’s Gulf of Mexico assets includes fields namely North Platte, Shenandoah, Anchor, and Heidelberg fields. Cobalt is headquartered in Houston, Texas, the US. In West Africa, the company has interests in offshore Angola Bl...
Cobalt International Energy, Inc. Receives Continued Listing Standard ...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that on November 14, 2017, it was notified by The New York Stock Exchange (“NYSE”) that Cobalt is no longer in compliance with certain continued listing standards that are applicable to Cobalt. Cobalt’s 30-day average closing share price as of November 13, 2017 was $0.95, in violation of the listing standard set forth in Section 802.01C of the NYSE Listed Company Manual. This standard requires the trailing 30-day average closing share pr...
Cobalt International Energy, Inc. Announces Third Quarter 2017 Results...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $150 million, or $5.05 per basic and diluted share for the third quarter of 2017, compared to a net loss of $218 million, or $7.98 per basic and diluted share, for the third quarter of 2016. This decrease in net loss compared to the same period in 2016 was largely driven by a $96 million reduction in loss on amendment of contract and an $11 million decrease in general and administrative expenses offset by a $27 million incr...
Cobalt International Energy, Inc. Announces Timing of Third Quarter 20...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it will release its third quarter 2017 results before the New York Stock Exchange opens on Thursday, November 2, 2017. This release will be followed by a conference call for investors at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss Cobalt’s third quarter 2017 results. Hosting the call will be Timothy J. Cutt, Chief Executive Officer and David D. Powell, Chief Financial Officer. The call can be accessed live o...
Cobalt International Energy, Inc. Receives Continued Listing Standard ...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that on October 10, 2017, it was notified by The New York Stock Exchange (“NYSE”) that Cobalt is no longer in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual. Specifically, the NYSE notified Cobalt that its average market capitalization for the prior 30 trading-day period is below $50 million and its stockholders’ equity is less than $50 million, which are the NYSE minimum re...
Due to a more favourable environment, COBALT INTL.ENERGY INCO. slightl...
COBALT INTL.ENERGY INCO. (US), a company active in the Exploration & Production industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as risky. At the fundamental level, theScreener confirms the rating of 0 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Slightly Negative even if it remains under pressure. As of the analysis date September 15, 2017,...
Cobalt International Energy, Inc. Announces Second Quarter 2017 Result...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $186 million, or $6.28 per basic and diluted share for the second quarter of 2017, compared to a net loss of $206 million, or $7.52 per basic and diluted share, for the second quarter of 2016. This decrease in net loss compared to the same period in 2016 was largely driven by a $113 million reduction in dry hole costs and impairments offset by a $26 million increase in interest expense and a $72 million non-cash loss on deb...
Cobalt International Energy, Inc. Announces Timing of Second Quarter 2...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE: CIE) today announced that it will release its second quarter 2017 results before the New York Stock Exchange opens on Tuesday, August 8, 2017. This release will be followed by a conference call for investors at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss Cobalt’s second quarter 2017 results. Hosting the call will be Timothy J. Cutt, Chief Executive Officer and David D. Powell, Chief Financial Officer. The call can be accessed live o...
Cobalt International Energy, Inc. Announces Agreement to Expand the An...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s two leases immediately south of the current Anchor unit (Green Canyon blocks 850 and 851) into the existing Anchor unit. The transfer of interests in the two leases and the revised Anchor unit are subject to customary regulatory approval. Following such approval, Cobalt will retain a 20% working interest in the rev...
Cobalt International Energy, Inc. Announces Effectiveness of 1-for-15 ...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that its previously announced 1-for-15 reverse stock split became effective at the close of regular NYSE trading hours on June 16, 2017. Cobalt’s common stock will begin trading on a post-reverse stock split basis at the opening of the NYSE’s regular trading hours on June 19, 2017. Cobalt effected the reverse stock split by filing an amendment to its second amended and restated certificate of incorporation with the Delaware Secretary of ...
Cobalt International Energy, Inc. Revises Effective Date of Reverse St...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has revised the effective date of its previously announced 1-for-15 reverse stock split of Cobalt’s issued and outstanding shares of common stock, which will now become effective upon the filing and effectiveness of a Certificate of Amendment to Cobalt’s Second Amended and Restated Certificate of Incorporation after the market closes on or about June 16, 2017. Trading on a split adjusted basis is planned to begin when the market ...
Cobalt International Energy, Inc. Board of Directors Approves Reverse ...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that its Board of Directors has approved a 1-for-15 reverse stock split of Cobalt’s issued and outstanding shares of common stock, which will become effective upon the filing and effectiveness of a Certificate of Amendment to Cobalt’s Second Amended and Restated Certificate of Incorporation after the market closes on or about June 23, 2017. Trading on a split adjusted basis is planned to begin when the market opens on June 26, 2017. No f...
Cobalt International Energy, Inc. Announces First Quarter 2017 Results...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $306.3 million, or $0.69 per basic and diluted share for the first quarter of 2017, compared to a net loss of $46.6 million, or $0.11 per basic and diluted share, for the first quarter of 2016. The increase in net loss is mainly associated with the write off of Shenandoah well costs and increased interest expense related to Cobalt’s December 2016 and January 2017 debt exchanges. As of March 31, 2017, cash, cash equ...
Cobalt International Energy, Inc. Announces Timing of First Quarter 20...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it will release its first quarter 2017 results before the New York Stock Exchange opens on Monday, May 8, 2017. This release will be followed by a conference call for investors at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss Cobalt’s first quarter 2017 results. Hosting the call will be Timothy J. Cutt, Chief Executive Officer and David D. Powell, Chief Financial Officer. The call can be accessed live over the...
Cobalt International Energy, Inc. Announces Fourth Quarter and Year En...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced a net loss of $1,872.9 million, or $4.47 per basic and diluted share for the fourth quarter of 2016, compared to a net loss of $486.8 million, or $1.19 per basic and diluted share, for the fourth quarter of 2015. Cobalt reported a net loss of $2,343.3 million, or $5.69 per basic and diluted share, for the year ending December 31, 2016 compared to a net loss of $694.4 million, or $1.70 per basic and diluted share, for the same period in 2...
Cobalt International Energy, Inc. Reschedules Earnings Call to Incorpo...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE: CIE) today announced a change to its previously scheduled earnings release and conference call on March 8, 2017. In order to complete operations on the North Platte #4 sidetrack well and provide a more comprehensive update, Cobalt will now release its fourth quarter and year end 2016 results before the New York Stock Exchange opens on Tuesday, March 14, 2017. This release will be followed by a conference call for investors at 10:00 a.m. Central Time (11:00 ...
Cobalt International Energy, Inc. Receives Continued Listing Standard ...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that on February 27, 2017, it was notified by The New York Stock Exchange (“NYSE”) that Cobalt is no longer in compliance with certain continued listing standards that are applicable to Cobalt. Cobalt’s 30-day average closing share price as of February 27, 2017 was $0.94, in violation of the listing standard set forth in Section 802.01C of the NYSE Listed Company Manual. This standard requires the trailing 30-day average closing share pr...
Cobalt International Energy, Inc. Announces Timing of Fourth Quarter a...
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE: CIE) today announced that it will release its fourth quarter and year end 2016 results before the New York Stock Exchange opens on Wednesday, March 8, 2017. This release will be followed by a conference call for investors at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss Cobalt’s fourth quarter and year end 2016 results. Hosting the call will be Timothy J. Cutt, Chief Executive Officer and David D. Powell, Chief Financial Officer. ...
Cobalt Announces Closing of DOJ Investigation
HOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has received a letter from the United States Department of Justice (“DOJ”) advising Cobalt that the DOJ has closed its FCPA investigation into Cobalt’s operations in Angola. This formally concludes the DOJ investigation, which was the last remaining FCPA investigation by any U.S. regulatory agency into Cobalt’s Angolan operations. No regulatory action has been taken against Cobalt as a result of these investigations. ...
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