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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| First Australian Resources Limited | ASX:FAR | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.02 | 4.60% | 0.455 | 0.44 | 0.46 | 0.455 | 0.435 | 0.44 | 342,877 | 07:43:20 |
From May 2019 to May 2024
By Razak Musah Baba
LONDON--Cairn Energy PLC (CNE.LN) and its joint venture partners have submitted a three-year evaluation work plan to the government of Senegal to lay the foundation for a long-term, multi-field, multi phase exploitation plan.
Cairn Energy said Monday that the work plan includes an initial program of three firm and three optional exploration and appraisal wells, with drilling starting in the fourth quarter of 2015 in Cairn's new basin play offshore Senegal, focused on the acreage around the SNE-1 discovery well.
Cairn, an independent oil and gas exploration company, made two significant discoveries offshore Senegal in 2014 proving a hydrocarbon system in a new and emerging Atlantic Margin Basin.
The JV consists of Cairn as operator, with a 40% working interest; ConocoPhillips, with a 35% working interest; FAR Ltd., with 15%; and Petrosen, with a 10% working interest.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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