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Share Name Share Symbol Market Type Share ISIN Share Description
Cairn Energy 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
  -2.60p -1.59% 161.00p 160.80p 161.10p 163.90p 159.40p 163.90p 2,406,926 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 949.12

Cairn Energy Share Discussion Threads

Showing 14651 to 14675 of 15075 messages
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DateSubjectAuthorDiscuss
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
05/3/2018
09:14
Looking at the NPD site I think: PL790 Raudasen well 34/2-5S Operator Aker BP (Cairn 25%) Transocean Arctic, started 28.02.2018, so just got going. PL682 Tethys, Operator Spirit (Cairn 30%) is more complicated. Well 35/9-13 was abandoned last year because of technical problems. Well 35/9-14 (Songa Enabler) was started 20.1.18 and now seems to have been plugged on 02.03.2018, and there is a side track 35/9-14A started 04.03.2018. Permit for the side track not yet listed on NPD but one must surely have been issued. Side tracking not always meaning success but it certainly raises hopes!
rogerlin
04/3/2018
09:45
Rogerlin - any update on Tethys or Raudasen?
frazboy
02/3/2018
15:18
Bought back in here today. The macro is looking a bit ugly but this is close to book value according to my home grown slightly pessimistic spreadsheet, although I am assuming an average Brent crude price of $65. My only real concern in the short to medium term is Kraken, according to my interpretation of Cairns production forecast that will do an average of high 30s gross this year. I get cash at year end 2018 to be around $150m with a couple of good years to come from Kraken and Catcher. Fingers crossed...
frazboy
21/2/2018
08:17
Following first oil from Kraken on 23 June 2017, production increased throughout the second half of the year as both production and injection wells performed in line with expectations. The second processing train, which was brought online during November, resulted in gross production rates of over 40,000 Bopd being achieved. Since late December, all DC3 wells have been brought online and operational efficiency has significantly improved. Average gross production in January was over 35,000 Bopd, and has reached 50,000 Bopd with improving operational efficiency as we continue to optimise performance. Following the excellent delivery of the DC3 drilling programme and lower market rates for the remaining subsea campaign, full cycle gross Kraken project capital expenditure was further reduced during 2017. In early 2018, EnQuest agreed renegotiated terms for the drilling rig, reducing both the contract duration and day rates, saving c.$60 million of net cash payments for capital expenditure in 2019. Full cycle gross project capital expenditure has been reduced by approximately $100 million and is now expected to be c.$2.3 billion, more than 25% lower than originally sanctioned. The DC4 well campaign, which was not anticipated to impact 2018 production, is expected to commence in the second half of 2018, with first production in 2019. A scheduled shutdown of approximately two weeks is planned for April, primarily to undertake performance improving work scopes and minor commissioning activities. A further maintenance shutdown of approximately one week is currently planned for September. Update from ENQ.
rogerlin
19/2/2018
03:28
The BP rumour seemed a little strange to me, 40% is not enough for a field of that size to interest them.
xxx
14/2/2018
16:22
http://www.offshore-mag.com/articles/2018/01/first-phase-sne-oil-project-offshore-senegal-to-target-240-mmbbl.html And there's always Mexico.
rogerlin
14/2/2018
09:17
Thanks rogerlin, I think the BP rumour was just that - a friend who is closer to the action on these matters, suggested that the rumour may have been initiated by FAR... I guess one of my concerns is Senegal and the phasing of the development, or rather, that they need 25 wells to develop Phase I, which seems like a lot of wells for a relatively deep water subsea field. To my mind that implies that the breakeven may be a little higher than currently forecast, so, we need oil to stay around or above the current level for it to remain attractive. This is perhaps my number one concern but I am still mildly bullish on oil over the next few years. Agree on Kraken, that does appear to be going okay (although perhaps not as well as some on the LSE board think) - I calculate average production to be in the early forties currently, but on a good day no doubt they've reached 50. Catcher, likewise, things are going well as far as we can tell (although I've not looked at the tanker movements since the first offload - have there been any?). I see no other material concerns/factors in the short to medium term. As things seem to be settling down I'll buy if it gets to my price target.
frazboy
13/2/2018
16:21
https://www.irishtimes.com/news/environment/bill-proposing-ban-to-fossil-fuel-exploration-clears-first-hurdle-in-d%C3%A1il-1.3383861 This may not be positive, but CNE haven't really invested much in Ireland so far. There is the continued uncertainty over the Indian tax dispute. Also in Senegal FAR's insistence on arbitration over pre-emption rights. This is causing uncertainty, maybe what caused BP's rumoured interest to wane? On the plus side, looks like good progress from Kraken and Catcher and money at last coming in. Also the update from Norway looked like good positive stuff, possible exploration upside.
rogerlin
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