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Oil Capital

Cabot Energy's Scott Aitken focused on 'cash control and production delivery'

Scott Aitken, chief executive of Cabot Energy Plc (LON:CAB), tells Proactive's Andrew Scott the company has a 'robust' asset base and there's been a lot of recent enthusiasm from investors.

''Performance last year in Canada was as expected however the first six months of this year the company wasn't able to deliver the performance that was expected and guided to the market''.

''It's made sense to review the reasons why that hadn't been achieved and look at the best way of improving the performance of the business - particularly around cost control and production delivery to really unlock the value of the shares for all shareholders''.

''We're making an operational and financial review across the business ... I've had the opportunity to visit all the teams ... we have very good people, very enthusiastic people keen to provide their best performance''


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