Cobalt International Energy (CIE) Reports In-Line Q1 EPS
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Cobalt International Energy, Inc. Announces First Quarter 2015 Results and Provides Operational Update
May 5, 2015 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Cobalt International Energy, Inc. (Cobalt) (NYSE: CIE) today announced a net loss of $82 million, or $0.20 per basic and diluted share for the first quarter of 2015, compared to a net loss of $57 million, or $0.14 per basic and diluted share, for the first quarter of 2014. The current quarter included $17 million of impairment charges for the previously announced abandonment of the North Platte #2 appraisal well.
Capital and operating expenditures (excluding changes in working capital) for the quarter ending March 31, 2015 were approximately $191 million, in line with our planned capital and operating expenditures of approximately $800-900... More
