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Cobalt International Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript

BY Seeking Alpha | 05/01/12 - 05:20 PM EDT

Stock quotes in this article: CIE

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Cobalt International Energy (CIE)

Q1 2012 Earnings Call

May 01, 2012 11:00 am ET

Executives

Joseph H. Bryant - Chairman and Chief Executive Officer

John P. Wilkirson - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

James W. Farnsworth - President and Chief Exploration officer

Analysts

Evan Calio - Morgan Stanley, Research Division

Ryan Todd - Deutsche Bank AG, Research Division

Brian Singer - Goldman Sachs Group Inc., Research Division

Brad Pattarozzi - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Michael Scialla - Stifel, Nicolaus & Co., Inc., Research Division

Joseph Bachmann - Howard Weil Incorporated, Research Division

Al Stanton - RBC Capital Markets, LLC, Research Division

Presentation

Operator

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Good day, everyone, and welcome to Cobalt International Energy's First Quarter 2012 Conference Call. Just a reminder, today's call is being recorded.

Before we get started, one housekeeping matter. This conference call includes forward-looking statements. The risks associated with forward-looking statements have been outlined in the earnings release and in Cobalt's SEC filings, and we incorporate these by reference for this call.

At this time, for opening remarks and introduction, I would like to turn the call over to the Chairman and CEO of Cobalt, Mr. Joe Bryant. Please go ahead, sir.

Joseph H. Bryant

Good morning, and thank you for joining us on Cobalt's first quarter 2012 earnings and operational update call. I'm joined on today's call by John Wilkirson, our Chief Financial Officer; and Jim Farnsworth, our Chief Exploration Officer.

I'd like to make a few brief comments before I turn the call over to John for a review of our financial results.

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