Cabot Energy Limited (02933545): administration
- Status
- Administration ended
- Administration began
- 2020-11-23
- Administrators
- Stephen Robert Leslie Cork, Anthony Malcolm Cork
- Administrators' firm
- Cork Gully
- Formerly
- Cabot Energy PLC; Northern Petroleum PLC; Goalmanor PLC
- Incorporated
- 1994-05-27
- Location
- London
- Industry
- 06100 Extraction of crude petroleum
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Over-expansion / investment not recovered
- Regulatory change or action
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals have been prepared based on information provided by the directors of the Company and not from the personal knowledge of the Joint Administrators.
The Company was incorporated as Goalmanor Plc in May 1994, was renamed as Northern Petroleum Plc in September 1995 and was admitted to trading on London’s AIM market in December 1995. The Company was renamed as Cabot Energy Ple in June 2017. The Company had conventional, light oil production operations in north west Alberta, Canada, and offshore exploration and appraisal opportunities in Italy and a head office in London. The Company’s head office was at 93- 95 Gloucester Place, London W1U 6JQ with its registered office at Riverbank House, 2 Swan Lane, London,
" Cabot Energy Limited
Administrators' statement of proposals (2021-01-06) · Companies House register