Cabot Energy Plc reported production results for the 2018 and for the months of January and February 2019. For the year, the company reported average annual gross oil production increased by 71% to 703 barrels of oil per day (bopd) compared to 4,011 bopd a year ago.

For the months of January and February 2019, the company reported gross oil production has averaged 519 bopd.

The company provided revenue guidance for the year 2018. For the year, the company expects revenue to increase by 154% to USD 12.2 million.