REG - Cabot Energy PLC - Civita acquisition terminated

Rockhopper ExplorationAnnouncement

03/01/2019 10:35

RNS Number : 1111M
Cabot Energy PLC
03 January 2019
 


3 January 2019
Cabot Energy plc
("Cabot Energy", or the "Company")
Civita acquisition terminated
On 8 June 2017, Cabot Energy (AIM: CAB) announced the conditional acquisition from Rockhopper Mediterranean Limited, a wholly owned subsidiary of Rockhopper Exploration Plc ("Rockhopper") of a portfolio of onshore production and development onshore gas assets in Italy.
The proposed acquisition was conditional upon Italian regulatory approval which was originally expected later that year. Such regulatory approval has not yet occurred, and therefore it has not been possible to satisfy all relevant conditions precedent, accordingly Cabot Energy and Rockhopper have mutually agreed not to proceed with the proposed transaction. 
Enquiries:




Cabot Energy Plc


+44 (0)20 7469 2900




Scott Aitken, CEO
Petro Mychalkiw, CFO


 




 


 




SP Angel Corporate Finance LLP


+44 (0)20 3470 0470




Nominated Adviser and Joint Broker


 




Richard Morrison, Richard Hail, Richard Redmayne


 




 


 




GMP FirstEnergy


+44 (0)20 7448 0200




Joint Broker


 




Jonathan Wright, David van Erp


 




 


 




Luther Pendragon


+44 (0)20 7618 9100 




Financial PR


 




Harry Chathli, Alexis Gore, Joe Quinlan


 




 
Note to Editors:
Cabot Energy (AIM: CAB), is an oil and gas company focussed on creating predictable production growth in Canada, balanced with high impact exploration in Italy. Comprehensive information on Cabot Energy and its oil and gas operations, including press releases, annual reports and interim reports are available from Cabot Energy's website: www.cabot-energy.com
 




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