3 Jan 2019 09:32
3 January 2019
Cabot Energy plc
("Cabot Energy", or the "Company")
Civita acquisition terminated
On 8 June 2017, Cabot Energy (AIM: CAB) announced the conditional acquisition from Rockhopper Mediterranean Limited, a wholly owned subsidiary of Rockhopper Exploration Plc ("Rockhopper") of a portfolio of onshore production and development onshore gas assets in Italy.
The proposed acquisition was conditional upon Italian regulatory approval which was originally expected later that year. Such regulatory approval has not yet occurred, and therefore it has not been possible to satisfy all relevant conditions precedent, accordingly Cabot Energy and Rockhopper have mutually agreed not to proceed with the proposed transaction.
Enquiries:
Cabot Energy Plc | +44 (0)20 7469 2900 |
Scott Aitken, CEO Petro Mychalkiw, CFO |
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SP Angel Corporate Finance LLP | +44 (0)20 3470 0470 |
Nominated Adviser and Joint Broker |
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Richard Morrison, Richard Hail, Richard Redmayne |
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GMP FirstEnergy | +44 (0)20 7448 0200 |
Joint Broker |
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Jonathan Wright, David van Erp |
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Luther Pendragon | +44 (0)20 7618 9100 |
Financial PR |
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Harry Chathli, Alexis Gore, Joe Quinlan |
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Note to Editors:
Cabot Energy (AIM: CAB), is an oil and gas company focussed on creating predictable production growth in Canada, balanced with high impact exploration in 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