Cabot Energy Plc Announces Production Results for the First Half Ended January 2018; Provides Production Guidance for the Year 2018
The company provided production guidance for the year 2018. The company is targeting to double its production in Canada by the end of 2018 to achieve an exit production rate of 1,600 to 2,000 bopd. Average production guidance for 2018 is between 1,000 and 1,200 bopd, taking into account seasonal production downtime, which would represent up to a fourfold increase on the company's average production for 2017.