Cabot Energy appoints Petro Mychalkiw to its Board as Non-Executive Director

– UK, London – Cabot Energy (AIM: CAB) announces that Petro Mychalkiw has been appointed to the Board as a non-executive director.

This appointment follows the completion of the recent Subscription with High Power Petroleum LLC, announced on 19 December 2017. Under the terms of the Subscription Agreement, H2P has the right to appoint a second non-executive director to the Company.

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.

Jon Murphy, Chairman of Cabot Energy, commented: “We are very pleased to have someone of Petro’s calibre joining the Cabot board. His financial experience and expertise in the resources industry will be very valuable to the Group as we look to grow the business”

For more information : http://www.cabot-energy.com

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