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
  -2.70p -1.34% 198.10p 197.80p 198.40p 202.80p 197.00p 200.40p 391,841 12:24:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 1,168

Cairn Energy Share Discussion Threads

Showing 14676 to 14699 of 15275 messages
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DateSubjectAuthorDiscuss
10/4/2018
08:19
There's a dry well announcement by Aker BP this morning but fortunately a different well! I think all wells have an NPD announcement, things properly organized in Norway. Eventually a full report of the strata encountered and sometimes core pictures appears on the Fact pages well list.
rogerlin
10/4/2018
01:38
News Releases on Well Results can be found at hTTp://www.npd.no/en/news/Exploration-drilling-results/ Not sure if there's one for every exploration well. There do seem to be quite a few dry well announcements in there, so from NPD's perspective, maybe yes?
xxnjr1
09/4/2018
20:06
Do they have to publicise in Norway? If not, immaterial and not worth rns'ing?
dunderheed
09/4/2018
19:35
Thanks xxnjr1, we are waiting for Aker BP then, NPD entry for the PL790 licence lists the drill 34/2-5S as having finished on 31.03.18. Usually I think the company makes the initial announcement (sometimes it is one of the junior partners if the major can't be bothered) and the NPD put up a formal result some days later.
rogerlin
09/4/2018
10:45
Was slightly curious no news, so emailed NPD earlier today. Received following response "Information regarding results of exploration drilling is usually released in cooperation with the operator company. I expect a press release will be made available shortly"
xxnjr1
03/4/2018
08:44
Marine Traffic position on the TA not up to date but it seems to be being towed to Valhall, still no result for Raudasen however.
rogerlin
30/3/2018
11:53
Tugs approaching the Transocean Arctic, drill must be finished, we can expect an announcement after Easter perhaps.
rogerlin
28/3/2018
11:56
Cairn have won Block 15 in Mexico Bid Round 3 hTTps://rondasmexico.gob.mx/wp-content/uploads/2018/03/r31_A15.pdf If you assume geological risk is inversely proportional to the State Take of Mex.gov then Cairn may have quite a lot of work to do on Block 15. hTTps://rondasmexico.gob.mx/wp-content/uploads/2018/03/Resultado-del-acto-de-apertura-y-presentación-de-propuestas..pdf
xxnjr1
28/3/2018
11:31
Thanks for that roger. Interesting stuff.
xxnjr1
27/3/2018
21:12
If you like the shipbroker lists, there is also platou, hagland and braemar and no doubt others, sometimes the information differs a bit. I think it's mostly entertainment value but may give a clue that a drill is finishing too early to be a success. Some of the newer semi-subs are self propelled, but I think they still need anchor handlers (my understanding of the details strictly limited).
rogerlin
27/3/2018
16:17
Wow! Amazing rogerlin. Thank you so much for that link.
xxnjr1
27/3/2018
16:10
http://www.westshore.no/ Tugs listed here xxnjr1, I don't think dates given in these lists mean much but it usually means the drill is coming to an end.
rogerlin
27/3/2018
12:03
Thanks, xxnjr1. :-) I'm learning.
ed 123
27/3/2018
11:46
According to NPD letters used to indicate exploration wells are: planned deviated (S), sidetracks (A, B,...), re-entries (R) or planned multilaterals (Y). Based on NPD guidelines for designation of wells and well bores." Eg for tethys 35/9-14 was main vertical 35/9-14A the sidetrack. If main well had been planned deviated would have read 35/9-14S 35/9-14A the sidetrack
xxnjr1
27/3/2018
11:34
Isn't "S" the main bore? A side track would be "A"?
ed 123
27/3/2018
11:23
Incidentally the "S" in 34/2-5S denotes this is a deviated well. Why deviated? Possibly to avoid a shallow gas hazard?
xxnjr1
27/3/2018
09:53
Roger, may I ask where you gleaned that information from?
xxnjr1
27/3/2018
08:40
That's a pity. Thinking that Raudasen is still drilling but looking that up I see that tugs are already listed to move the Transocean Arctic. 34/2-5S, PL 790, Aker-BP, only started 28.02.18, doesn't look too promising.
rogerlin
26/3/2018
21:16
It'll be interesting to see if we get the RNS in the morning xxnjr
frazboy
26/3/2018
21:06
Cairn have this evening issued a press release of above, but no RNS as yet, which is a bit unusual.
xxnjr1
26/3/2018
16:38
Yep - a down dip sidetrack to the west. 35/9-14 and 35/9-14A drilled down to middle jurrasic BUT only a small non-commercial discovery. ".....Spirit Energy Norge AS, operator of production licence 682, is in the process of completing the drilling of wildcat wells 35/9-13 and 35/9-14 and appraisal well 35/9-14 A on the Måløy slope in the North Sea. The wells were drilled about 6 kilometres northwest of the Gjøa field, 19 kilometres northeast of the 35/9-7 Nova oil discovery and 66 kilometres west of Florø. The objective of well 35/9-13 was to prove petroleum in Upper Jurassic reservoir rocks (Intra Heather formation sandstones), to investigate the presence and quality of the reservoir rocks and to conduct extensive data acquisition in the event of a discovery. The objective of well 35/9-14 A was to delineate the discovery. Well 35/9-13 was temporarily plugged and abandoned due to technical problems. 35/9-14 was drilled 35 metres southeast of 35/9-13, with the same exploration target. Well 35/9-14 encountered an oil column of about 20 metres in the Intra Heather formation, of which 10 metres comprise the reservoir which is composed of sandstones with poor reservoir properties. The oil/water contact was not encountered. Well 35/9-14 A encountered about 30 metres of aquiferous Intra Heather formation sandstones with traces of hydrocarbons and with poor reservoir properties. The well is classified as dry. Preliminary estimates place the size of the discovery between 0.3 – 1 million standard cubic metres (Sm3) of recoverable oil. Preliminary assessments indicate that the discovery is not currently profitable. The licensees will evaluate the discovery together with other nearby prospects as regards further follow-up. The wells were not formation-tested, but extensive data acquisition and sampling have been conducted. Wells 35/9-13, 35/9-14 and 35/9-14 A were drilled to respective vertical depths of 3191, 3625 and 3707 metres, and respective measured depths of 3223, 3657 and 3900 metres below the sea surface. 35/9-13 was terminated in the Rødby formation in the Lower Cretaceous, while 35/9-14 and 35/9-14 A were both terminated in the Heather formation in the Middle Jurassic. Water depth in the area is 365 metres. The wells will now be permanently plugged and abandoned....." I make it 1.89 to 6.3 million bbls Oil, which is practically nada. Sounded promising but ultimately lived up to E&P's unprecedented ability to disappoint.
xxnjr1
23/3/2018
13:31
Doesn't seem to be much activity with supply ships around the Songa Enabler currently (there aren't any). Maybe they are done with drilling, or operations are continuing? The primary target of 35/9-14 was Upper Jurassic, but most of the wells in the area also seem to go down to Mid or lower Jurassic sections. If they found something extra in the lower sections then a down dip sidetrack to the west might be an explanation for the current operation. (see lower graphic of slide 10 Jan UK/Norway Analysts Pres)
xxnjr1
20/3/2018
16:26
http://far.live.irmau.com/irm/PDF/2369_0/Senegalresourcesupdate Update from FAR on reserves in Senegal.
rogerlin
19/3/2018
12:35
True! Maybe in an upside case, there's not enough capacity on Gjøa to process whatever may be found in the wider area? But thats speculation on my part. Having said that, the operator of Nova still seem firmly rooted to Plan A at the moment. Https://www.wintershall.com/press-media/press-releases/detail/wintershall-awards-subsea-contracts-for-nova-field.html
xxnjr1
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