Cabot Energy plc

Receive alerts
Market Cap:
£1.37 m
52 weeks high
52 weeks low

Viewing results 1-25 of 335


Cabot Energy sees sales prices rise in second quarter, cuts production costs

The oiler reported an average price for its Edmonton Light Oil in the three months of US$48 a barrel, up 9% on the first quarter...

6 days, 1 hour ago

Junior oiler Cabot Energy raises US$0.5mln from majority shareholder

High Power Petroleum has subscribed for another 4.34mln shares at 9.25p apiece – the same as yesterday’s closing price...

on 11/7/19

Cabot Energy notes “important year of transition” on AGM day

"The directors believe that Cabot's assets and reserves remain fundamentally strong," James Dewar said....

on 25/6/19

Cabot Energy agrees working capital deal with majority shareholder

"The board appreciates the ongoing support of H2P,” said James Dewar, Cabot’s interim non-executive chairman...

on 5/6/19

Cabot Energy looks ahead after ‘year of necessary transition’

The Canada-focused junior oiler released its financial results for 2018 whilst efforts to secure new financing continue...

on 3/6/19

Cabot Energy waits for outcome of debt finance search

Currently seeking debt package to fund drilling programme in Canada...

on 15/5/19

Cabot Energy gets some wriggle room as Edmonton crude price recovers

The price in Edmonton has recovered to US$44 per barrel or within its normal discount range against West Texas light oil....

on 15/5/19

Cabot Energy delays release of financial results as funding talks continue

It is exploring deals at both asset level and at group level...

on 10/4/19

Cabot Energy to release Otway basin exploration licence

"We are grateful to The Department for Energy and Mining for agreeing to a low-cost relinquishment of this licence in South Australia,” said Scott Aitken....

on 9/4/19

Cabot Energy reveals positive production performance but landing a new financing will be vital

"We believe Cabot Energy is now in a stronger operational position to recommence drilling and unlock the inherent value of its production and development assets, subject to the necessary funding being in place”...

on 1/4/19

Cabot Energy to review its Italian strategy amid exploration moratorium

There will be a moratorium on activities across Italy for at least an eighteen month period...

on 14/2/19

Cabot Energy proposes £2.8mln equity funding and capital reorganisation

"The proposals outlined today deliver the short-term capital required to safeguard Cabot Energy's future,” said James Dewar...

on 12/2/19

Cabot Energy updates on financial position after review

“The directors believe that the company's assets and reserves remain fundamentally strong, but the new management team have needed to first address areas of business control in order to realise this growth potential” ...

on 1/2/19

Cabot Energy confirms Civita deal won’t go ahead

The deal agreed between Cabot and Rockhopper in 2017 won't be completed...

on 3/1/19

Cabot Energy seeking to tap the market to provide short-term working capital

The first issue will raise funds to pay off trade creditors and keep the show on the road, while in the second quarter of 2019 it plans to tap the market again to raise cash to invest in growth...

on 31/12/18

Cabot Energy eyes better oil sales prices as a result of Alberta’s mandated production cuts

An order from the Alberta authorities to cut out 325,000 bopd of production in the region could support an improvement in crude prices...

on 6/12/18

Cabot Energy says independent report on Italian resources shows almost 1bn barrels of oil equivalent

The AIM-listed oil and gas company said the results – as determined by Lloyds Register Senergy – showed gross prospective resources of 933mln barrels of which 793 barrels are net to Cabot...

on 22/11/18

Cabot Energy hit by extended US Mid-West refinery shut-ins

Cabot Energy expects the US Mid-West refinery to be back online in early December ...

on 21/11/18

Cabot Energy reveals upgrade to reserves and resources

“We are now focussed on structuring the balance sheet to fund a scalable and repeatable development drilling programme in Canada," said chief executive Scott Aitken...

on 7/11/18

Cabot Energy “encouraged” with strong cash flow in first half

“We are encouraged by the record positive cash flow from our Canadian operations despite the net loss for the period after $3.6mln of non-recurring items."...

on 28/9/18

Cabot Energy's new team keen to leverage position in Italy

Currently it owns 100% positions in two southern Italian licences, but Aitken says reducing its interest in either or both would allow the group to broaden its reach...

on 7/8/18

Cabot Energy appoints James Dewar as interim chairman

James is a recognised expert in the field of corporate governance, finance, accounting and control, with extensive industry experience. ...

on 27/7/18

Cabot Energy confident it will see improved performance

“The new executive management team has implemented more robust work streams in sub-surface and operational planning."...

on 23/7/18