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Oil Capital

Cabot Energy makes strong start to the year and on track to hit 2018 targets

Cabot Energy Plc (LON:CAB) chief executive Keith Bush tells Proactive Investors their evolution into a significant producer has begun.

Bush says production averaged 827 barrels of oil per day through the first half of January, and output for 2017 averaged 400 bopd.

Cabot's now targeting between 1,600 bopd and 2,000 bopd by the end of 2018 - with guidance set at 1,000 bopd to 1,200 bopd on average for the year.

 

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