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Cairn Energy PLC To Start $300 Million Buy-Back Programme, To Start Drilling Well Off Coast Of Morocco-Reuters


Thursday, 17 Oct 2013 02:20am EDT 

Reuters reported that Cairn Energy PLC said it would start a share buy-back programme of up to $300 million, having gained shareholder approval for the move earlier in the year. The Company also said it would shortly start drilling a well off the coast of Morocco, the first well in a coming wave of oil exploration off the coast of the North African country, which is seen by the energy industry as a new frontier. 

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