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Share Name Share Symbol Market Type Share ISIN Share Description
Cairn Energy Plc LSE:CNE London Ordinary Share GB00B74CDH82 ORD 231/169P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.20 -0.87% 136.10 135.40 135.70 140.00 135.00 140.00 1,336,827 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 402.2 90.1 15.4 8.6 802

Cairn Energy Share Discussion Threads

Showing 14651 to 14675 of 15700 messages
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DateSubjectAuthorDiscuss
16/3/2018
12:09
Http://staatsolie.com/en/news/2018/staatsolie-and-cairn-energy-negotiating-production-sharing-contract/ "15/3/18 Staatsolie and the UK-based company Cairn Energy are negotiating a production sharing contract (PSC) for a block in offshore Suriname. Cairn was one of the companies that showed interest during the period in which interested parties had the opportunity to make a bid for a block in Suriname’s open offshore acreage. The block is approximately 13,000 square kilometers and is located on the Demerara plateau. If the negotiations go well, the contract can be signed in the second quarter of this year. Cairn intends to perform 2D (two-dimensional) seismic in the block immediately after signing. Exploration wells will be drilled at a later stage." Looking at hxxp://opportunities.staatsolie.com/data-projects/maps/ it seems Cairn are negotiating all of the open acreage to the south of Blocks 54 and 60.
xxnjr1
16/3/2018
08:18
Once the project development plan is approved this year and an investment decision made, Cairn will have “options in respect to potential farm-downs,” Chief Executive Officer Simon Thomson said Tuesday. Selling an interest in the field — called SNE — would allow the U.K. exploration company to profit from the find before moving to production, returning proceeds to shareholders. “Once the exploitation plan is finalized, it could open up the opportunity to monetize the discovery,” Nathan Piper, an analyst at RBC Europe Ltd., wrote in a note. It’s likely Cairn will sell half its stake in SNE in the next 12 to 18 months, he said. Copied from a post on FAR/hotcopper.
rogerlin
16/3/2018
08:00
Thanks for that xxnjr1 not long too wait then, fingers crossed :)
inntolife
16/3/2018
01:02
Looked at NPD website again, 35/9-13 td'd at 3223m taking 27 days to drill. "Junked." 35/9-14 td'd at 3657m (42 days). "Plugged." Purpose of both wells "Wildcat" Purpose of 35/9-14a "Appraisal" My interpretation: 35/9-14 must be a discovery, not just shows or dry. (Health warning: Could be wrong!) However as the attribute for content hasn't yet been entered for 35/9-14 [for discovery that would be "GAS", "GAS/CONDENSATE", "OIL" or "OIL/GAS"] then the Discovery Wellbore line by default shows "No". Once a description is entered for whatever HC was found, the Discovery Wellbore line should show "Yes". At least, that's my assumption! Sidetrack 35/9-14a (drill permit 1693-L) commenced on 4/Mar/18, so a result can't be too far away.
xxnjr1
14/3/2018
17:56
https://www.cairnenergy.com/media/2154/uk-norway-analyst-round-table-web-2.pdf But with Saturn a further 72 mmbo mean as a follow on prospect in case of success at Tethys (Slide 12), so could be better than that but Mr Market seems to take little interest in exploration any more, we just seem to follow the Brent.
rogerlin
14/3/2018
12:19
God is that all! So share price will go down if +ve news ;-)
xxnjr1
14/3/2018
11:30
Yep, 30% net to Cairn is 20 MMbo and let's value it at say, $1-$2 per bbl in the ground, which gives, in sterling, ~ £16m to £32m. Or perhaps 3p to 6p on the SP? Talking of which, that's been a bit of a roller coaster ride, great for traders!
frazboy
14/3/2018
10:42
"ability of E&P to dissappoint knows no bounds" Too true :(
inntolife
14/3/2018
10:09
Cairn (30%) characterise Tethys as a gross 65 mmboe Pmean prospect and a potential stand alone hub. Good to know there could be a potential plan b to tie into nearby facilities if any resource found is at low end of prognosis! I agree it seems quite hopeful, however the ability of E&P to dissappoint knows no bounds.
xxnjr1
14/3/2018
09:28
Quite hopeful surely, there are a few instances when they drill a side track after a dry main well (Verbier recently was one) but usually it means something has been found. Not necessarily commercial of course but Tethys is close to Gjoa through which Nova is going to be produced if I have it right so infrastructure and partnerships already in hand.
rogerlin
14/3/2018
00:15
And a smidgeon more colour from the subsequent Q&A:- James Carmichael, Peel Hunt Q: Also on Tethys, there’s also some mixed messages maybe from the NPD website suggesting that the first well was completed as a dry hole and now the second well’s being appraised. Is there any colour you can provide around what’s happening there? A: Simon Thomson Well, I’ll hand over to Eric on that, other than to say we can’t comment until the NPD comment in terms of the outcome of the well, we’re restricted in doing so..... A: Eric Hathon Tethys, the first well we drilled to near the top of the reservoir and had mechanical difficulties. Then for safety reasons we abandoned that first well which was the totally appropriate thing to do. We moved over, redrilled that well, so that's the number 14 well reported by the NPD jargon and we drilled that successfully to TD and all I can say is on the back of that well we’re now sidetracking. Difficult to call, as frazboy says. Over to the NPD!
xxnjr1
13/3/2018
20:54
Eric Hathon said "The initial vertical well has TD'd and we're now drilling a side track to that...results on both of these wells (Tethys and Raudasen) very shortly."
rogerlin
13/3/2018
14:53
http://tradeinsight.co.uk/petro-matad-the-pheonix-is-rising-matd/
jimmyhoffa262
13/3/2018
13:37
not sure xxnjr1 - they must have seen something in the geology/logs, that's made them think that an updip (possibly?) sidetrack may find Hydrocarbons? perhaps a fault throw or a depth conversion issues of some sort, has led their orignial target to be below the prognosed OWC - I'm clutching at straws here!
frazboy
13/3/2018
12:10
Presumably then frazboy, they are either (i) disappointed with 35/9-14 and are having a second throw of the dice or (ii) are encouraged by what they found and looking for more...
xxnjr1
13/3/2018
11:42
i think that's correct xxnjr1 - i had in on in the background so didn't pick up the details. i'm hoping to play back the webcast later but as of yet that's not possible on Cairn's website.
frazboy
13/3/2018
11:36
I was half asleep at the time when listening to the webcast. They definitely said the original well (was that 35/9-13 ???) encountered mechanical difficulties, and I think they said they re-spud it (new 35/9-14 ???). They definitely said the 2nd attempt had TD'd, and now they were drilling a sidetrack (35/9-14A ???), but as per usual, couldn't comment further until the operator updated the market. Also see hxxp://www.npd.no/en/news/Drilling-permits/2018/359-14/
xxnjr1
13/3/2018
09:27
http://tradeinsight.co.uk/petro-matad-the-pheonix-is-rising-matd/
jimmyhoffa262
13/3/2018
08:56
Tethys exploration well (35/9-14) has reached TD and operations are continuing on well 35/9-14A This wording sounds like a side track rather than a re-drill?
rogerlin
13/3/2018
08:11
Nothing too exciting in those results. A touch more colour on Kraken, and a modest reserves upgrade on Catcher. Perhaps the cash/Capex position was slightly better than previously flagged. Not expecting a ramp up today given the price action over the last week or so.
frazboy
12/3/2018
20:01
Strong technical action in the share price today, a breakaway gap up, despite being overbought. Results tomorrow should provide interesting reading...
xxx
12/3/2018
11:10
EDL taking off folks get in quick.
datait
12/3/2018
11:08
Thanks Alan.
inntolife
12/3/2018
10:59
Cairn Energy lifted to ‘overweight217; by Morgan Stanley.
alan@bj
05/3/2018
16:35
thanks Rogerlin, much appreciated.
frazboy
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