Cabot Energy PLC Italian Acquisition Update (8570F)
26 February 2018 - 6:05PM
UK Regulatory
TIDMCAB
RNS Number : 8570F
Cabot Energy PLC
26 February 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
Cabot Energy Plc
("Cabot Energy", the "Group" or the "Company")
Italian acquisition update
Cabot Energy (AIM:CAB), the AIM quoted oil and gas company
focused on production led growth balanced with high impact
exploration and appraisal opportunities, notes the operational
update from Rockhopper which includes the following information
regarding the Civita pipeline.
"At the Civita gas field (Rockhopper 100% working interest),
production during 2017 averaged approximately 130 boepd. However,
in early February, a depressurisation event occurred at the Civita
pipeline and as a result production is temporarily suspended. Work
has commenced to remedy the issue and resume production. Rockhopper
and Cabot Energy continue to work towards the completion of the
previously announced transaction to divest certain non-core onshore
assets in Italy, including Civita, to Cabot Energy."
A further announcement regarding Civita will be made in due
course.
For further information please contact:
+44 (0)20
Cabot Energy Plc 7469 2900
Keith Bush, Chief Executive Officer
Nick Morgan, Finance Director
+44 (0)20
SP Angel Corporate Finance LLP 3470 0470
Nominated Adviser and Joint Broker
Richard Morrison, Richard Redmayne,
Charlie Bouverat
+44 (0)20
GMP FirstEnergy LLP 7448 0200
Joint Broker
Jonathan Wright, David van Erp
+44 (0)20
FTI Consulting 3727 1000
Financial PR
Edward Westropp
Note to Editors:
Cabot Energy is an oil and gas company focused on production led
growth. The Company is undertaking a redevelopment and production
project in north west Alberta and has a broader portfolio of
exploration and appraisal opportunities in countries of relatively
low political risk, primarily Italy. Comprehensive information on
Cabot Energy and its oil and gas operations, including press
releases, annual reports and interim reports are available from
Cabot Energy's website: www.cabot-energy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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