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Cabot Energy plc

Latest side track well highlights potential of Canadian assets, says Cabot Energy CEO

Keith Bush, chief executive of Cabot Energy Plc (LON:CAB), tells Proactive the side-track of the 16-05 well at the Rainbow project in Canada has seen significantly better-than-expected flow rates during well testing.

The side-track well is now in production, connected to the existing pipeline.

It was tested for a 24-hour period during which it yielded some 573 barrels of oil.

The exit rate of the test was around 680 bopd.

Quick facts: Cabot Energy plc

Price: £0.04

Market: AIM
Market Cap: £1.83 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