In a medium saucepan over medium heat, melt the butter and then add the lobster meat and saute until tender, about 3 minutes. Add the lobster base and cook for 1 minute. Add sherry, and stir to deglaze the pan. Add the heavy cream and cook until heated through.
Professional Recipe: This recipe was provided by a chef, restaurant or culinary professional and makes a large quantity. The Food Network Kitchens chefs have not tested this recipe in the proportions indicated and therefore cannot make any representation as to the results.