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| Name | Symbol | Market | Type |
|---|---|---|---|
| Capricorn Energy PLC (PK) | USOTC:CRNCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.165 | 2.99% | 5.69 | 5.23 | 5.81 | 5.69 | 5.69 | 5.69 | 626 | 20:00:48 |
From Nov 2019 to Nov 2024
By Alex MacDonald
LONDON--U.K.-listed oil and gas firm Cairn Energy PLC(CNE.LN) said Thursday it has successfully drilled its fourth well this year at the SNE discovery in Senegal.
The well, SNE-4, encountered 100 meters of oil-bearing sands similar to SNE-1, SNE-2, SNE-3 and BEL-1 wells. It also confirmed the extension of reservoirs in the eastern extent of the SNE field and confirmed oil-bearing upper reservoir sands of similar quality to those encountered as gas-bearing elsewhere in the field.
The SNE-4 well is the joint venture's sixth well offshore Senegal and the fourth completed this year as part of a multi-well evaluation program to help delineate the shape of the structure of the field.
Cairn has a 40% stake in the SNE prospect, which is composed of three blocks offshore Senegal: Sangomar Deep, Sangomar Offshore and Rufisque. ConocoPhillips (COP) has 35% stake, FAR Ltd 15% stake and PETROSEN, the national oil company of Senegal, has a 10% stake.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
May 19, 2016 02:38 ET (06:38 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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