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Cabot Energy reports 53% increase in gross reserves for Canadian assets

Keith Bush, chief executive of Cabot Energy Plc (LON:CAB), tells Proactive that total gross proven and probable (2P) reserves for the group's Canadian assets amounted to 2.9mln barrels oil equivalent - representing a 53% rise from 1.9mln barrels at the same point in 2016.

It comes after 1mln barrels were upgraded from contingent resources, and follows the divestment of some of the group’s assets.

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