Cabot Energy Plc reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of $7,491,000 against $1,796,000 a year ago. Loss from operations was $4,270,000 against profit from operations of $320,000 a year ago. Loss before tax was $4,270,000 against profit before tax of $200,000 a year ago. Loss for the period was $4,183,000 against profit for the period of $760,000 a year ago. Loss for the period attributable to equity shareholders of the company was $4,183,000 or 0.7 cents per basic and diluted share against profit attributable to equity shareholders of the company of $768,000 or 0.2 cents per basic and diluted share a year ago. Net cash outflow from operating activities was $201,000 against $329,000 a year ago. Investments in property, plant and equipment was $8,768,000 against $2,645,000 a year ago. Expenditure on exploration and evaluation assets was $575,000 against $257,000 a year ago. EBITDA was $1.4 million (H1 2017: $0.8 million loss) stated before net exceptional costs of $3.6 million (H1 2017: $1.6 million exceptional gain).

For the full year of 2018, the company's average production rate for 2018 is forecast to be 711 bopd, which provides a foundation for a new horizontal well and workover programme in Canada in 2019, subject to raising capital.