Cabot Energy Plc
Company Name:Cabot Energy Plc Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Oil & Gas Total Funds Bid to Date:- Low Share Price Bid:£0
Auction period:25 Nov 2019 - 20 Jan 2020 Indicative Share Price:0.00 Average Share Price Bid:£0**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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Cabot Energy Plc

Following the announcement that Cabot Energy Plc wish to cancel the Ordinary shares from trading on AIM, the company has instructed Asset Match to provide ongoing liquidity should shareholders vote for the resolutions.

Please direct any enquiries to dealing@assetmatch.com or Tel: +44 207 248 2788.

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Company info

Cabot Energy Plc is an oil and gas production and exploration company quoted on the AIM market of the London Stock Exchange.

The Group focusses on creating predictable production growth in Canada. This is expected to deliver cashflow and demonstrable value for shareholders in a reasonable time frame.

Cabot augments its production activity by developing high-impact exploration and appraisal projects which can be farmed out and developed to generate the opportunity for high returns on investment.

www.cabot-energy.com

Auction details

TBC

Auction instructions

To buy and sell shares in this company via AM Private Market, you will need to use a stockbroker.

  • Using The Share Centre

The Share Centre is the preferred broker and settlement agent for all CREST eligible companies on AM Private Market. The Share Centre offers a competitively priced service for both certificated and non-certificated transactions. For more information on The Share Centre's services or how to place an order please visit their page. If you do not already have an account with The Share Centre, then you can open an account online or by calling 01296 41 41 41.

Alternatively, if you are interested in selling your shares and are unsure what to do next please read our Auction instructions for Sellers with additional FAQs. You can download the 'selling shares traded on Asset Match' form here.

You can place orders with The Share Centre by calling 01296 41 42 43.

  • Using another stockbroker

If you already have a stockbroker (or an in-house dealing team if you are an institutional investor) then you can place an order by instructing your broker to face The Share Centre. Not all stockbrokers will be able to act on your behalf, and so you should check with them first. You may also incur additional fees.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade.

The tick size for this company is 0.05 pence per share.

For more information on how the auction works then please click here

Key People

James

James Dewar Interim Non-Executive Chairman

James joined Cabot Energy in July 2018 as interim Non – executive Chairman. James has over 35 years of international business, finance, accounting and commercial experience. His career has included senior roles at Ambit Energy Corporation, Viking services Ltd, Energy World Corporation, Equus Petroleum, Atlantic Energy, East West Petroleum, Dana Gas and BP.

James currently serves as an Independent Non-executive Director and Audit Committee Chair for Lamprell Plc, PICO International Petroleum Corporation and for Cheiron Petroleum Corporation.

James is a Chartered Accountant having qualified with KPMG.

   
Scott

Scott Aitken Chief Executive Officer

Scott Aitken was appointed Chief Executive Officer of Cabot Energy in June 2018, he is not appointed to the Board of Directors. Scott has more than 25 years’ experience in the oil & gas exploration and production industry, including 15 years as CEO. He co-founded High Power Petroleum LLC alongside Campbell Airlie and Petro Mychalkiw in 2015 as the oil exploration and production subsidiary of pulse-power technology world leader, I-Pulse.

He started his career as a Petroleum Engineer with ExxonMobil (formerly Mobil) in Aberdeen and went on to work in senior roles, including chief executive officer and regional head, at companies with operations in Europe, Africa, Asia, Middle East and North America. He is highly experienced at growing small companies into multi-billion dollar operations through the leverage of technology alongside community partnership.  Scott has raised US$1 billion capital investment for oil & gas exploration, development and production over the last 15 years, creating ventures in the USA, Canada, Turkey and West Africa, delivering over 100,000 boepd production and 1 billion boe reserves and resources.

Scott does not sit on the Board of Cabot Energy.

   
Petro

Petro Mychalkiw Chief Financial Officer

Petro Mychalkiw joined Cabot Energy as a Non-executive Director in January 2018 and was appointed Chief Financial Officer in June 2018.

Petro has 28 years’ experience as a Chartered Accountant and over 12 years’ experience in the natural resources industry.  His career has included roles as Chief Financial Officer of Oriel Resources, Equus Petroleum, Orsu Metals Corporation and most recently at I-Pulse Inc., the parent company of H2P. Petro has extensive experience of project financing including resource development projects, acquisition fundraising, debt refinancing and private placings.

Petro represents the interests of High Power Petroleum, the Company’s largest shareholder.

   
Campbell

Campbell Airlie Chief Technical Officer

Campbell Airlie was appointed as a Non-executive Director in December 2016 and was appointed as Chief Technical Officer in June 2018.

Campbell has 36 years’ experience as a petroleum engineer with extensive time spent in upstream field development strategy and implementation. His career has included reservoir and production management and technical excellence roles with Schlumberger, BP, Edinburgh Petroleum Services and most recently as founder and Chief Technical Officer of Seven Energy.

Campbell has been a Distinguished Lecturer in Asset Management with the Society of Petroleum Engineers and a visiting lecturer in reservoir engineering and production optimisation at Heriot Watt University.

Campbell represents the interests of High Power Petroleum, the Company’s largest shareholder.

   
Rachel

Rachel Maguire Independent Non-Executive Director

Rachel Maguire is an entrepreneur who is the founder and CEO of Arko Iris, a business consultancy advising organisations on best practice in stakeholder engagement, corporate governance and corporate responsibility.

She is a seasoned professional who brings with her over 20 years’ experience of The City and capital markets. Previous roles include senior management positions at London Stock Exchange including Head of UK Business Development and Head of AIM (UK). Rachel’s client experience includes FTSE 250 companies and global companies including Spectris, internationally-based MHP S.E and Euroclear.

Rachel is also an independent trustee at the National Paralympic Heritage Trust where she chairs the Finance & Development Committee. She is a member of the Chartered Institute of Taxation.