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India

Cairn Energy PLC (CNE.L)

CNE.L on London Stock Exchange

130.00GBp
7 Aug 2020
Change (% chg)

-1.00 (-0.76%)
Prev Close
131.00
Open
130.00
Day's High
131.30
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128.20
Volume
473,374
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Mon, Jul 27 2020

Cairn Energy to pay special dividend after $400 million Senegal interests sale

Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia's LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after sale completion, sending its shares up 5%.

UPDATE 1-Cairn Energy to pay special dividend after $400 mln Senegal interests sale

July 27 Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia's LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after sale completion, sending its shares up 5%.

Cairn Energy to pay special dividend after $400 mln Senegal interests sale

July 27 Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia's LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after the completion of the sale.

UPDATE 1-FAR says it is in default over Senegal Sangomar project

June 24 Australian-listed oil and gas company FAR Ltd said on Wednesday its Senegalese unit had defaulted on its obligations to the Sangomar joint venture, as the company looked to sell its interest in the project.

BRIEF-Cairn Energy Says Ehecatl-1 Exploration Well Did Not Find Reservoired Hydrocarbons

* CAIRN ENERGY PLC - OPERATIONS HAVE BEEN COMPLETED ON ENI OPERATED EHECATL-1 EXPLORATION WELL ON BLOCK 7

BRIEF-Cairn Energy Sees 2020 Exploration Capex Down To $100 Mln

* SIGNIFICANT REDUCTIONS & DEFERRALS BEEN IDENTIFIED FOR 2020 PROGRAMME, REPRESENTING OVERALL 23% REDUCTION IN CAPITAL EXPENDITURE FOR YEAR

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