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Cobalt’s strategic objective is to create distinctive value for investors by exploring for oil in the largest hydrocarbon rich plays in the deep offshore waters of the U.S. Gulf of Mexico and West Africa, with an emphasis on sub-salt and pre-salt exploration, development, and production. Cobalt International owns interests in offshore properties located in the Gulf of Mexico and West Africa. Cobalt International Energy, L.P assets include majority and minority stakes in more than half-a-million acres in the Gulf and more than 2 million acres in blocks located off the coast of Gabon and Angola. Cobalt International Energy, L.P focuses primarily on searching for oil pockets encased beneath salt layers, which until recently was traditionally untapped geological territory in the oil industry. Founded in 2005, Cobalt International conducted its initial public offering (IPO) in 2009.

Cobra Venture is posied to strike in the oil patches of Western Canada. Cobra Venture Corporation is an emerging exploration and production company focused on the acquisition and development of oil and natural gas reserves in Western Canada. Cobra Venture Corporation core properties are located in Viewfield in Saskatchewan (8 producing light oil wells on the Frobisher and Bakken formations, and 2,000 acres under development); Pembina in Alberta (40% interest in seven sections of land, with 10-12 potential drilling locations); and Inga in British Columbia (640 acres held under lease, expiring in 2011).

Compton Petroleum explores for and produces oil, natural gas, and natural gas liquids (NGLs) in the Western Canadian Sedimentary Basin of Alberta. Compton Petroleum Corporation focuses its operations on areas with multizone potential, including unconventional resource prospects in southern and central Alberta (including three deep basin natural gas plays: the Basal Quartz sands at Hooker in southern Alberta, and the Gething/Rock Creek sands at Niton and Caroline in central Alberta). Compton Petroleum Corporation assets include a contiguous land base of about 859,800 net acres. In 2008 Compton Petroleum reported 1,460 oil and gas wells and net proved plus probable reserves of 215,500 million barrels of oil equivalent.

Concho Resources explores and develops properties, located primarily in the Permian Basin region of eastern New Mexico and West Texas, for the production of oil and gas. Concho Resources Inc. also owns properties in North Dakota and Arkansas. More than half of the company's 550 billion cu. ft. in proved reserves is made up of crude oil, while the rest consists of natural gas. Concho Resources gets two-thirds of its sales from crude oil. Two customers, energy marketers Navajo Refining Company (60% of 2007 sales) and DCP Midstream (23%), account for a great majority of Concho's sales. Concho Resources Inc. has more than 85 producing wells in operation.

Connacher Oil and Gas is an exploration and production company focused primarily on the Canadian provinces of Alberta and Saskatchewan. Connacher Oil and Gas Limited company's main asset is its interest in about 98,000 acres of oil sands leases at its Great Divide project near Fort McMurray in northern Alberta. Connacher Oil and Gas Limited Saskatchewan activities are primarily conventional oil production at Battrum, Tompkins, and Steelman. Connacher Oil and Gas Limited also has a 24% stake in Petrolifera Petroleum, which holds interests in Argentina, Colombia, and Peru, and owns the 9,500 barrels-per-day heavy oil refienry in Great Falls, Montana. In 2008 Connacher Oil and Gas reported total proved plus probable plus possible reserves of 379.5 million barrels of oil equivalent.

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