Cobalt is the operator of Criollo and has a 60% working interest in the prospect. Cobalt is releasing this rig following the suspension of the sidetrack well.
Anticipated Firefox Spud Date The next exploratory well in Cobalt's 2010 drilling program, Firefox #1, is scheduled to spud in the first quarter of 2010.
For further discussion of risks and uncertainties, individuals should refer to Cobalt's SEC filings.
All forward-looking statements are qualified in their entirety by this cautionary statement.
Published in Oil Industry News on Thursday, 24 November 2016 Irish oil and gas exploration company Providence Resources has signed a contract for the Stena Ice MAX drillship to drill at the FEL 2/14 license off Ireland and set a spud date for summer 2017.
The number one priority for Cobalt is to drill these exploratory wells and convert through the drill-bit the company's prospective resources into discoveries." Election of Jack Golden Jack Golden was elected to Cobalt's Board of Directors. Golden's election brings the number of Directors to ten. Golden joined Shell in 1977, later joining BP p.l.c. He held numerous executive positions in North America including President of BP's North American E&P business.
His initial term as Director is effective immediately and will expire at Cobalt's 2010 Annual Meeting of Stockholders, at which time he will be up for re-election. Golden has well-rounded expertise and experience in the global oil and gas industry. For much of his last decade with BP he served as Group Vice President - Exploration and Production. He is currently managing partner of Edgewater Energy Partners, a Texas-based consulting firm focused on the oil and gas industry, and a director of Atwood Oceanics, Inc., an international offshore drilling company. Golden has served as an advisor to Cobalt's Board of Directors. Bryant said, "Jack has played an important role as an advisor to the Board since early 2007 and we are fortunate that he has now joined the Board. Cobalt was formed in 2005 and is headquartered in Houston, Texas.