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Cairn Energy PLC (CNE.L)

CNE.L on London Stock Exchange

176.40GBp
15 Nov 2019
Change (% chg)

0.00 (+0.00%)
Prev Close
176.40
Open
174.70
Day's High
177.50
Day's Low
172.90
Volume
725,049
Avg. Vol
1,423,873
52-wk High
216.80
52-wk Low
138.00

Latest Key Developments (Source: Significant Developments)

Kames Capital Discloses 3.92% Stake In Cairn Energy As Of Sept 24 Vs Prior Stake Of 4.98% - Filing
Friday, 27 Sep 2019 

Sept 27 (Reuters) - Cairn Energy PLC ::KAMES CAPITAL PLC DISCLOSES 3.92% STAKE IN CAIRN ENERGY PLC AS OF SEPT 24 VERSUS PRIOR STAKE OF 4.98% - FILING.  Full Article

Cairn Energy Sees Full-Year Oil Production Guidance Of 21,000 - 23,000 Bopd From 19,000-22,000 Bopd
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Cairn Energy PLC ::HALF-YEAR REPORT.HY COMBINED NET OIL AND GAS PRODUCTION AHEAD OF 2019 GUIDANCE AT ABOUT 23,700 BOEPD (+15% V PREVIOUS SIX MONTHS).HY OIL AND GAS SALES REVENUE US$257M, AVERAGE REALISED PRICE US$68/BOE; AVERAGE PRODUCTION COST US$17/BOE.CAIRN ENERGY PLC EXPECTS FULL YEAR OIL PRODUCTION GUIDANCE OF 21,000 - 23,000 BOPD FROM 19,000-22,000 BOPD.EXPECTS FY AVERAGE PRODUCTION COST REDUCED FROM US$20/BOE TO ABOUT US$18/BOE.EXPECTS FULL YEAR FORECAST CAPITAL EXPENDITURE US$295M.SEES FY EXPLORATION & APPRAISAL US$165M (NET OF TAX REFUND), DEVELOPMENT & PRODUCTION US$130M.CAIRN ENERGY PLC SAYS AVERAGE GROSS PRODUCTION IN SIX MONTHS TO JUNE 2019, WAS MORE THAN 32,700 BOPD AT KRAKEN.CAIRN ENERGY PLC SAYS KRAKEN CRUDE PRICING CONTINUES TO STRENGTHEN INTERNATIONALLY IN LIGHT OF CURRENT HEAVY OIL MARKET.CAIRN ENERGY SAYS SNE FIELD DEVELOPMENT FIRST PHASE REMAINS ON SCHEDULE, TARGETING FIRST OIL IN 2022 WITH EXPECTED GROSS PRODUCTION OF 100,000 BOPD.CAIRN ENERGY PLC SAYS FOR THE FIRST HALF OF YEAR KRAKEN PRODUCTION AVERAGED MORE THAN 32,700 BOPD.HY REVENUE $270.3 MILLION VERSUS. $182.4 MILLION LAST YEAR.  Full Article

Cairn Energy Enters Agreement For Sale Of 10% Interest In Nova Development Offshore Norway
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Cairn Energy PLC ::CAIRN ENERGY PLC - NOVA UPDATE.CAIRN ENERGY PLC - ENTERED INTO A FARM-OUT AGREEMENT FOR SALE OF A 10% INTEREST IN NOVA DEVELOPMENT OFFSHORE NORWAY..CAIRN ENERGY PLC - WITH EFFECT FROM 1 JANUARY 2019, ONE-DYAS NORGE AS SHALL ACQUIRE 10% IN PROJECT BY PAYING US$59.5 MILLION.CAIRN ENERGY PLC - FOLLOWING THIS TRANSACTION CAIRN WILL RETAIN A PARTICIPATING INTEREST OF 10% INTEREST IN NOVA DEVELOPMENT.CAIRN ENERGY - FOLLOWING THIS TRANSACTION CAIRN WILL REDUCE ITS CAPITAL EXPENDITURE TO END OF 2021 IN NOVA AREA BY ABOUT US$110M.  Full Article

Edison says Energean deal will support Edison's strategic development plan
Thursday, 4 Jul 2019 

July 4 (Reuters) - Electricite de France SA /Edison ::* The financial resources deriving from this transaction will support Edison's strategic development plan, which envisages very significant investments in Italy in the 2019-2021 three-year period intended mainly for sustainable production from renewable sources and gas, as well as the strengthening of the Company’s activities in retail market and energy efficiency services, Edison says in a statement.  Full Article

Blackrock Discloses 10.42% Stake In Cairn Energy PLC - Filing
Wednesday, 15 May 2019 

May 15 (Reuters) - Cairn Energy PLC ::BLACKROCK DISCLOSES 10.42% STAKE IN CAIRN ENERGY PLC - FILING.  Full Article

Cairn Energy Sees FY Net Production Of 19,000-22,000 Boepd
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Cairn Energy PLC ::CAIRN ENTERS 2019 WITH BALANCE SHEET STRENGTH AND CASH FLOW FROM NORTH SEA PRODUCTION TO FUND SIGNIFICANT GROWTH OPPORTUNITIES.WE ALSO EXPECT A FINAL INTERNATIONAL ARBITRATION DECISION ON OUR INDIA CLAIM IN NEAR TERM AND WE REMAIN CONFIDENT OF OUR POSITION.COMBINED PRODUCTION NET TO CAIRN FROM CATCHER AND KRAKEN FIELDS IN 2018 AVERAGED 17,500 BOEPD.FULL YEAR PRODUCTION, NET TO CAIRN, FOR 2019 IS ESTIMATED TO BE 19,000 TO 22,000 BOEPD.GROUP CASH AT YEAR END WAS US$66M.  Full Article

Cairn Energy's Jackie Sheppard To Retire As A Non-Executive Director
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Cairn Energy PLC ::DIRECTORATE CHANGE.THAT JACKIE SHEPPARD WILL RETIRE AS A NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 31 DECEMBER 2018.  Full Article

Cairn Energy Provides Update On SNE Development In Senegal
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Cairn Energy PLC ::SENEGAL UPDATE.DISCLOSES ANNOUNCEMENT BY WOODSIDE ENERGY WITH REGARDS TO SNE DEVELOPMENT IN SENEGAL IN WHICH CAIRN HAS A 40% WORKING INTEREST.WOODSIDE ADVISES RUFISQUE OFFSHORE, SANGOMAR OFFSHORE, SANGOMAR DEEP OFFSHORE JV AGREED TO COMMENCE FEED ACTIVITIES.  Full Article

Cairn Energy Announces Oil Discovery In UK North Sea
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Cairn Energy PLC ::UK NORWAY UPDATE - DISCOVERY AND FARM OUT.OIL DISCOVERY ON 9/14A-17B WELL AND ASSOCIATED SIDE-TRACK ON AGAR-PLANTAIN PROSPECT IN UK NORTH SEA.FARM OUT AGREEMENT FOR A 40% NON-OPERATED INTEREST OF CHIMERA PROSPECT IN UK NORTH SEA.COMMITMENT EXPLORATION WELL IN UK NORTH SEA TARGETING EKLAND PROSPECT FAILED TO ENCOUNTER COMMERCIAL HYDROCARBONS.NEXT WELL IN CAIRN'S EXPLORATION PROGRAMME WILL BE PRESTO (FORMERLY STJERNESKUDD) ON PL885 IN NORWEGIAN NORTH SEA.OPERATOR ESTIMATES AGAR-PLANTAIN DISCOVERY HOLDS RECOVERABLE RESOURCES OF 15 - 50 MILLION BARRELS OF OIL EQUIVALENT.  Full Article

Faroe Petroleum says sees 15 to 50 mln boe in Agar
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Faroe Petroleum PLC ::FAROE PETROLEUM SAYS HAD SUCCESSFUL RESULT WITH THE AGAR/PLANTAIN EXPLORATION AND APPRAISAL WELL IN LICENCE P1763 (FAROE 25 PCT OF AGAR/PLANTAIN, 12.5 PCT OF THE WIDER LICENCE).FAROE PETROLEUM SAYS RECOVERABLE RESOURCES IN AGAR ESTIMATED BETWEEN 15 AND 50 MLN BOE (BETWEEN 3.8 AND 12.5 MLN BOE NET TO FAROE).FAROE PETROLEUM SAYS FURTHER EVALUATION OF DEVELOPMENT OPTIONS TO ESTABLISH COMMERCIALITY WILL BE UNDERTAKEN IN COMING MONTHS.AZINOR CATALYST SAYS BELIEVES THE AGAR-PLANTAIN DISCOVERY HOLDS RECOVERABLE RESOURCES OF BETWEEN 15 AND 50 MILLION BARRELS OF OIL EQUIVALENT.  Full Article

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U.S. court upholds ex-HSBC executive's conviction for foreign-exchange scheme

NEW YORK A U.S. appeals court on Thursday upheld the conviction of a former HSBC Holdings Plc executive who was sentenced to two years in prison for defrauding Cairn Energy Plc in a $3.5 billion currency trade.