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Cabot Energy is an oil and gas exploration and production company
The Company has conventional, light oil production operations in north west Alberta, Canada, and offshore exploration and appraisal opportunities in Italy. The Company is pursuing a strategy of production led growth, primarily through its oil production in Canada, and the maturing of exploration and appraisal projects in Italy which can be farmed out and drilled to generate the possibility of high returns on investment.
The Company is seeking production growth in Canada and Italy both organically, through its existing asset position, and by acquisition. Due to the economic changes in the exploration and production industry, the Company has been able to acquire assets for minimal initial cash outlay and will continue to consider future acquisitions with the support of its shareholders and strategic partner.
The Company is incorporated in the United Kingdom and is subject to the City Code on Takeovers and Mergers.
The Company’s strategy comprises three key aspects: production led growth, capital discipline and exploration and appraisal upside.
Production led growth
- financial stability
- core value growth
- within management’s control
Exploration & Appraisal upside
- opportunity for significant returns
- step change in value
- company making potential
- capital intensive industry requires strict control
- project by project analysis to maximise returns
- risk based approach to capital deployment