Cobalt confirms presalt find

Houston’s Cobalt International Energy, Inc. reported that its Lontra #1 presalt discovery well in Block 20, offshore Angola, found more oil and gas than estimated. Drill stem test placed Lontra’s well production at a stabilized flow rate of 2500 bbl of condensate and 39 million cu ft per day of gas. The well was drilled to a total depth of 4195m. The discovery well encountered both a high liquids content gas interval and an oil interval. Cobalt also has working interest (40%) in the neighboring Block 21 and the nearby Block 9. Drilling is underway in Block 21.

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