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Cobalt International Energy Inc

Cobalt International Energy, Inc. is an independent exploration and production company focused on the deepwater U.S. Gulf of Mexico and offshore West Africa. The company was founded in 2005 and is headquartered in Houston, Texas.

Cobalt's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "CIE". The company's market capitalization is approximately $25 million as of January 2023.

Cobalt's operations are organized into two segments: the U.S. Gulf of Mexico and West Africa. In the U.S. Gulf of Mexico, the company has interests in several deepwater prospects, including the Anchor and Shenandoah developments. In West Africa, Cobalt has interests in offshore exploration blocks in Angola and Gabon.

In recent years, Cobalt has faced financial challenges, including significant debt and low oil prices. In December 2017, the company filed for Chapter 11 bankruptcy protection and emerged from bankruptcy in April 2018 with a significantly reduced debt burden.

As of 2023, Cobalt's strategic focus is on maximizing the value of its existing assets in the U.S. Gulf of Mexico and advancing its exploration and appraisal program in West Africa. The company's goal is to create long-term value for its stakeholders through the development and production of high-quality, long-lived oil and gas reserves.