Cobalt International Energy Inc. (NYSE: CIE) said March 14 that 2017 capex will be about $275 million, primarily for operated activities at North Platte and non-operated activities at Shenandoah, Anchor and Heidelberg and excluding general and administrative expenses and interest expense.Total 2017 cash outlays will likely be between $550 million and $650 million; net revenue will likely be about $50 million, leaving Cobalt with between $350 million and $450 million in year-end cash balance, excluding any Sonangol receipts or payments.
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Source: Daily Dose of ShaleDirectories.com News
March 14, 2017