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Cobalt International Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Cobalt International Energy, Inc. (CIE)

Q2 2012 Earnings Call

July 31, 2012 11:00 AM ET


Joe Bryant – Chairman and CEO

John Wilkirson – EVP and CFO

Jim Farnsworth – Chief Exploration Officer


Scott Willis – Credit Suisse

Evan Calio – Morgan Stanley

Matthew Portillo – Tudor, Pickering, Holt

Ryan Todd – Deutsche Bank

Brian Singer – Goldman Sachs

Al Stanton – RBC Capital Markets

Joe Allman – JP Morgan

Brendan Warn – Jefferies

Ed Westlake – Credit Suisse



Good day everyone, and welcome to Cobalt International Energy’s Second 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.

Joe Bryant

Good morning, and thank you for joining us on Cobalt’s Second Quarter 2012 Earnings and Operational Update call. I’m joined on today’s call by John Wilkirson, our Chief Financial Officer; and I’ve asked Jim Farnsworth, our Chief Exploration Officer to join us to say a few words about the successful Cameia 2 results that we announced this morning. I’ll begin by reviewing our second quarter operational activity and results, and then I’ll turn the call over to John for a review of our financial results.

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