Cobalt International Energy's Q3 In Line with Estimates
Cobalt International Energy, Inc. ( CIE ) reported third quarter 2012 net loss of $39 million, or $0.10 per basic and diluted share, compared to consensus estimate of $0.10 per share loss. In the same period last year, net loss was $47 million, or $0.12 per basic and diluted share.
Total expenditures (excluding changes in working capital) for the quarter were approximately $129 million. These expenditures are consistent with previously announced 2012 estimated total expenditures of between $550 and $650 million.