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
  -3.70 -1.91% 190.00 189.30 190.20 196.50 189.50 196.50 177,045 08:13:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 1,120

Cairn Energy Share Discussion Threads

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DateSubjectAuthorDiscuss
28/3/2018
10:31
Thanks for that roger. Interesting stuff.
xxnjr1
27/3/2018
20:12
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
15:17
Wow! Amazing rogerlin. Thank you so much for that link.
xxnjr1
27/3/2018
15:10
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
11:03
Thanks, xxnjr1. :-) I'm learning.
ed 123
27/3/2018
10:46
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
10:34
Isn't "S" the main bore? A side track would be "A"?
ed 123
27/3/2018
10:23
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
08:53
Roger, may I ask where you gleaned that information from?
xxnjr1
27/3/2018
07:40
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
20:16
It'll be interesting to see if we get the RNS in the morning xxnjr
frazboy
26/3/2018
20:06
Cairn have this evening issued a press release of above, but no RNS as yet, which is a bit unusual.
xxnjr1
26/3/2018
15:38
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
19/3/2018
08:19
https://www.neptuneenergy.com/en/activities/operated-fields-in-production/gjoa-no Neptune's view of Gjoa. Don't know why Cairn are talking of Tethys as a potential stand alone hub, you would have thought a tie in to Gjoa would be infinitely cheaper, if it will have any capacity left by then? Still, we don't know yet whether there is anything at Tethys!
rogerlin
19/3/2018
00:43
Beginning to think that Tethys could be a crucial well in Cairn's game plan. Stepping back a bit, the next Cairn development in Norway called Nova, as Rogerlin has mentioned, is supposed to be a subsea tie back to the Gjøa facilities, operated by US private equity/China Investment Corporation backed Neptune Energy (30%). Neptune don't have an interest in Nova, however they hold 30% of the nearby 2016 Cara discovery, which has a competing development concept also involving a subsea tie-back to the Neptune Energy operated Gjøa-facilities. You can imagine how well that conversation may turn out from Cairn's perspective. Cairn's rationale for Tethys is to establish a potential stand alone hub. That could potentially include Nova if the Gjøa option falls through.
xxnjr1
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
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