** Cabot Energy’s shares hit life low after the oil and gas company warns it needs to raise money in January to operate as a going concern
** CABC down 37.7 pct at 0.79p in thin trade as of 0810 GMT
** AIM-listed Cabot in talks with major shareholders to raise money; expects any financing to be at a “deep discount” to current market price
** During the past two months, co’s Canadian crude oil revenue adversely impacted
** Cabot, which has a market cap of 10 mln stg, has lost over three quarters in value so far this year
Reporting by Pushkala Aripaka in Bengaluru
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