Cobalt International Energy, Inc. (CIE) posted a first-quarter net loss of $57 million or $0.14 per share, narrower than last year's net loss of $128 million or $0.31 per share.
For the quarter, capital and operating expenditures, excluding changes in working capital, were about $178 million.
Total operating costs and expenses during the quarter totaled $47.3 million, considerably lower than the last year's $112.4 million.
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