Cabot Energy provides an update on the Company's first quarter winter work programme in Alberta, Canada, which comprises the drilling of four new sidetrack wells. The work programme is ahead of schedule with three wells successfully drilled and tested and the fourth well scheduled to finish drilling shortly. 06-08 sidetrack well; The well targeted a high porosity area within the reef using 3D seismic attribute analysis, Evidence of this high porosity was seen during drilling operations and confirmed by the well test result with an equivalent production rate of 570 bopd, Following completion, the well was put into production and is currently producing at a restricted rate of approximately 160 bopd to best manage the long term performance of the reservoir. 15-31 sidetrack well; Following drilling, the well was tested over a short period at an equivalent rate of 100 bopd, During the test the overall fluid production rate was 300 barrels per day and the water cut was continuously reducing, Technical analysis indicated that reef porosity would be less than the other wells in the programme, but would still produce at a significant rate and the result supports that analysis, The well is expected to produce at an initial rate of 100 bopd with a low water cut. 10-06 sidetrack well; The original vertical well drilled by the previous operator in 2009 produced little oil from the reef due to completion issues, The new 10-06 sidetrack well drilled 325 metres in the reservoir and tested at an equivalent rate of 626 bopd while still cleaning up, Following completion, the well is expected to be put on production at an initial rate of 160 bopd to manage the long term reservoir performance. 03-07 - currently drilling; The 03-07 well has been drilled out of the existing well bore and is currently drilling in the reservoir, It is expected that drilling operations will finish within a week, after which the well will be tested and, if successful, put into production.