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
  -0.50p -0.29% 171.00p 170.30p 170.70p 174.90p 169.60p 173.50p 2,248,600 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 1,008.07

Cairn Energy Share Discussion Threads

Showing 14751 to 14775 of 15050 messages
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DateSubjectAuthorDiscuss
21/8/2018
07:31
https://www.livemint.com/Politics/QSkYis3I78nCPX3Z8FbsAK/Final-hearing-in-Cairn-arbitration-against-retro-tax-begins.html
rogerlin
16/8/2018
08:02
Cairn can afford that funding on it's own - really? The share price don't seem to be saying that surely? FFS for this to be accepted and heard in arbitration is a bloody difficult process in the first place and I personally believe precedent needs to be sought with regard to this kind of transaction? I personally believe the "veil of incorporation" cannot be used to overcome "legal substance and form" which whilst I realise are accounting terms, it is this concept, that I think needs legal testing? All imho and wtfdik? EDIT oh and post number reserved for Saul Goodman.
dunderheed
16/8/2018
07:46
"So FAR has trooped of to the International Court of Arbitration and, after a number of false starts, a president has been appointed to hear a case that seems likely to get underway some time late next year. "I am glad you asked me that one because we have some pretty good words ready on that one," Coleman said in opening response to our query. "The arbitration is frivolous. It has no basis or substance. It is driven by commercial opportunism and it raises concerns in our minds about the ability of our partners to fund (their share) given that it is clearly a blocker for the financing of our project," Coleman said. Woodside is presently shopping for project financing for the $US3 billion plus development. Coleman asserted that it was "clear to us" that while the arbitration remains live, securing finance and infrastructure leasing terms will be "difficult". "The whole thing is nonsensical and ridiculous," he continued, noting that the arbitration process looked almost certain to extend beyond next year's deadline to provide the Senegal government with some level of certainty over the shape and timing of the project. Woodside's best guess is that, should it proceed to its endgame, FAR's arbitration would not conclude until 2020. "That is beyond the point where we need to make a decision," Coleman said. "We have rights under our title," he continued. "We will exercise those rights, we will make sure we protect Woodside's interests with respect to security over the title and the implications of that, our other partners will have to consider," he warned. Coleman didn't want to enlighten me as to what those rights might be but his intent is clear. And here is what I think he is saying. The SNE joint venture invests considerable authority in its operating partner and by the time decisions are made, that is what Woodside will be. That authority most likely extends to the timing of an investment decision and how the project might be funded. Coleman is plainly saying project financing has been left uncertain. If that is unattainable, then the only obvious way for this to get done in the timeframe required by Senegal is for the partners to do it themselves by contributing capital in line with their level of ownership. It is plain enough that Woodside could afford its share and so too could the other big owner, Cairn Energy. But, very obviously, Coleman reckons FAR would struggle to respond to that sort of capital call and, just as bluntly, he is making it publicly known that he is prepared to throw down that gauntlet". Thanks to ksingh posted on hotcopper.
rogerlin
15/8/2018
07:41
Cairn spudded its Ekland exploration well 22/18c-8 on the July 27 with the Ensco 101 https://www.zennorpetroleum.com/operation/licence-p2184/
rogerlin
14/8/2018
18:00
Who by? Not that I take much notice of such 'notes' anyways!!
dunderheed
14/8/2018
17:37
It's been downgraded.
p5tvr
14/8/2018
16:39
Woodside have issued some plans for Senegal, can't find any text of what exactly, doubt that can be so remarkable.
rogerlin
14/8/2018
16:35
Premier also off, could it be Kraken related ?
xxx
14/8/2018
15:56
It doesn't start til 20th and is unlikely to be cancelled/postponed unless a compromise has been agreed.
eipgam
14/8/2018
15:25
Down nearly 7% now - I wonder why - a problem with the arbitration hearing perhaps?
mick
14/8/2018
13:19
down 5% Any reason, other than more sellers than buyers?
eipgam
14/8/2018
10:44
Drilling on Agar Plantain is currently scheduled to commence later this month using the Transocean Leader at a total estimated gross cost of US$15 million. Faroe joins Catalyst (25.0% and operator) and Cairn Energy plc (50.0%) in this sole-risk well, the results of which will be announced on completion of drilling operations. Faroe’s equity interest in this well is 25.0%, to be funded through existing cash resources, and through the same transaction will also become a 12.5% equity interest holder in the wider P1763 Licence (Apache 50.0% and operator, Cairn 25.0%, Catalyst 12.5%).
rogerlin
02/8/2018
06:55
I don't know I'm afraid but delay seems the norm for all this. What is of concern is that if the Vedanta shares are bought out then the Indian govt will likely seize the money, once they have it getting it back will be problematic. However I don't think the Vedanta cash offer can be settled until end of year?
rogerlin
01/8/2018
18:11
Rogerlin: Thanks. Does that mean it will be some further time before we get to know the result of the arbitration. In my naivity, I was kinda hoping we would hear in the first or second week of Sept.
eipgam
01/8/2018
14:15
Following the hearing the Arbitral Tribunal will issue a binding and internationally-enforceable award. The drafting and issuance of such an award typically takes several months. In this case, taking into account the delays already suffered by Cairn, the Tribunal has stated that it will endeavour to issue its award as expeditiously as possible.
rogerlin
01/8/2018
12:07
It's August... arbitration looms "All of the written submissions by Cairn and the Indian Government have now been made and the final arbitration hearings are scheduled for two weeks commencing on 20 August 2018 in The Hague."
eipgam
31/7/2018
07:31
https://uk.advfn.com/stock-market/london/vedanta-VED/share-news/Vedanta-Resources-PLC-RECOMMENDED-CASH-OFFER/77966142
rogerlin
17/7/2018
07:36
Thanks roger.
dunderheed
17/7/2018
07:31
In Côte d'Ivoire, Tullow's work programme across its new onshore blocks began in early April 2018 with a full tensor gravity gradiometry survey covering 8,600 sq km. This survey was completed in May 2018 and the data will be used to optimise the location of a 2D seismic survey planned for 2019. Tullow has recently signed a farm-down agreement for a 30% interest in all seven onshore licences (CI-301, CI-302, CI-518, CI-519, CI-520 CI-521 and CI-522) to Cairn Energy PLC, subject to obtaining the necessary Government approvals. This farm-down will leave Tullow with a 60% operated interest in each licence with the majority of the pre-drilling exploration costs carried. From Tullow's update of 28th June.
rogerlin
17/7/2018
07:18
Re IC, its relatively 'small' isn't it? I assume Cairn see some upside? I have absolutely every respect for Cairn but they have had 'exploration issues' in the past - is it starting to look a bit scatter gun? Me I'm holding for Mexico, this is the new 'Cairn Senegal' isn't it - simple as!!
dunderheed
17/7/2018
07:13
Tullow is also working towards growing output in West Africa in Ivory Coast, where it has farmed out its licenses to Cairn Energy retaining 60 percent, but with Cairn set to pay for most of the pre-drilling exploration costs. Can't say I remember any announcement about this.
rogerlin
10/7/2018
07:56
Citigroup UPGRADES to BUY.
aishah
09/7/2018
07:56
On the other hand perhaps India may not wish to extend its growing reputation as ....
dogwalker
09/7/2018
06:59
Hmmm, I thought it was always going to be hard to get a cheque out of the Indian gov't but at least we'd probably be able to sell the remaining shares, for some value or another, so this is negative. On the other hand one of my reasons for holding this company is that, win or lose, its going to be good for this share for the whole Indian tax thing to be in the past, which it will be before long.
jim digriz
09/7/2018
06:52
I wasn't aware that the tax authority had sold some of Cairn's VL stake but knew that they might be planning to. It does show a fairly serious intent not to cough up should the hearing go against them. It'll be interesting to see if there's a market reaction to the announcement - probably neutral?
frazboy
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