Cobalt Int'l (CIE) Sees IPO Price of $15-$17

November 27, 2009 8:57 AM EST

Cobalt International Energy (NYSE: CIE) has filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 63,000,000 shares and expects the offering price to be between $15-$17 per share. The Company plans to list on the NYSE under the symbol "CIE".

The offering is being made through Credit Suisse, Goldman Sachs, JPMorgan, Morgan Stanley, Tudor, Pickering, Holt & Co., UBS, Deutsche Bank, RBC Capital, Howard Weil, FBR Capital, Thomas Weisel, Natixis Bleichroeder and Capital One Southcoast.

Cobalt International is an independent, oil-focused exploration and production company with a world-class below salt prospect inventory in the deepwater of the U.S. Gulf of Mexico and offshore Angola and Gabon in West Africa. Cobalt has a portfolio of 132 identified, well-defined prospects, comprised of 47 prospects located in the deepwater U.S. Gulf of Mexico and 85 prospects located in Blocks 9 and 21 offshore Angola and the "Diaba" Block offshore Gabon. Cobalt has yet to make any oil and gas revenues through June 30, 2009.


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