Aim-listed oil and gas company Cabot Energy is working on a a multi-million pound equity fundraising.
According to sources claiming to be familiar with the matter, Cabot Energy is looking to raise up to £15 million via a placing.
However, it's not clear what price the new shares will be issued at. Sources also said it's unclear what the fresh capital is for.
Cabot Energy's main asset is an onshore light oil production project in Canada, according to its website...