Cobalt International Energy, Inc. (NYSE:CIE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Appointment of Certain Officers.

On April 11, 2017, James H. Painter resigned as President, Exploration and Appraisal of Cobalt International Energy, Inc. (the “Company”), effective April 30, 2017. Mr. Painter had previously served as the Company’s Executive Vice President, Gulf of Mexico. The Company extends its gratitude to Mr. Painter for his vision, leadership and many contributions and wishes him the best in his future endeavors.

Effective April 13, 2017, Tim Nicholson was appointed Senior Vice President, Exploration and Appraisal of the Company. Mr. Nicholson joined the Company on December 12, 2005 and has previously served as the Company’s Vice President, Exploration. Mr. Nicholson has been a key leader within the Exploration team for the past decade and has been instrumental in the Company’s exploration success in both West Africa and the Gulf of Mexico.

About Cobalt International Energy, Inc. (NYSE:CIE)

Cobalt International Energy, Inc. is an independent exploration and production company. The Company has its operations focused in the deepwater United States Gulf of Mexico. The Company also has a non-operated interest in the Diaba Block offshore Gabon in West Africa. The Company’s exploration efforts in the United States Gulf of Mexico has resulted in four oil and natural gas discoveries including the North Platte, Shenandoah, Anchor and Heidelberg fields. The Heidelberg field commenced its production and the North Platte, Shenandoah and Anchor field are in various stages of appraisal and development. The Company has drilled nine exploratory wells, three appraisal wells and four development wells (one of, which was drilled to be used as a pressure-maintenance well in the Cameia development) in the northern pre-salt Kwanza Basin offshore Angola, and one exploratory well in the pre-salt deepwater region offshore Gabon. The Company’s fifteen wells has been finding pre-salt hydrocarbons.

Cobalt International Energy, Inc. (NYSE:CIE) Recent Trading Information

Cobalt International Energy, Inc. (NYSE:CIE) closed its last trading session down -0.011 at 0.570 with 7,280,205 shares trading hands.