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Cabot Energy plc

Cabot Energy sees 'very attractive' growth opportunities in Canada

Keith Bush, chief executive of Cabot Energy PLC (LON:CAB), tells Proactive they're on track for production of between 800-1,000 barrels per day from Canada by the end of 2017.

A 23 well workover programme has boosted Canadian production to 600-700 barrels gross daily while sidetrack and completions should add a further 200-250 barrels.

Civita, in Italy, meanwhile, is producing the equivalent of 130 barrels per day.

Quick facts: Cabot Energy plc

Price: £0.04

Market: AIM
Market Cap: £1.72 m
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Cabot Energy's new interim chairman sees 'substantial' growth opportunities

Cabot Energy Plc (LON:CAB) has announced the appointment of James Dewar as the company’s new interim chairman. Dewar says they're currently undertaking an extensive operational and financial review of the company and he's looking forward to working with the new management team.

on 27/7/18

2 min read