May 15 (Reuters) - Cairn Energy PLC ::BLACKROCK DISCLOSES 10.42% STAKE IN CAIRN ENERGY PLC - FILING.
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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.
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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.
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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.
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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.
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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.
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May 15 (Reuters) - Cairn Energy PLC ::TENDERS FOR FPSO AND SUBSEA INFRASTRUCTURE WERE ISSUED IN Q1 AND RESPONSES ARE EXPECTED TO BE RECEIVED BY END OF MAY.TARGETING SUBMISSION OF EVALUATION REPORT TO GOVERNMENT OF SENEGAL BY END OF Q2.EXPECT TO PASS SEVERAL KEY MILESTONES IN SENEGAL LATER THIS YEAR.PLANNING TO DRILL FOUR WELLS IN 2019-2020 IN MEXICO WHERE WE HAVE ACQUIRED NEW LICENCES.EVALUATING AND ACTIVELY EXAMINING FURTHER EXPLORATION ACTIVITIES TO EXTEND OUR PORTFOLIO, INCLUDING IRELAND AND NOW SURINAME.
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Jan 23 (Reuters) - Cairn Energy Plc ::FY PRODUCTION, NET TO CAIRN, FOR 2018 ESTIMATED TO BE 17,000 TO 20,000 BOPD WITH PLATEAU PRODUCTION FROM CATCHER AND KRAKEN ACHIEVED BY MID-YEAR.GROUP NET CASH AT 31 DECEMBER 2017 WAS $56 MILLION.KRAKEN PRODUCTION TO REACH 50,000 BOPD GROSS DURING H1 2018; GROSS PROJECT CAPEX EXPECTED BE 25% LESS THAN ORIGINAL SANCTIONED PROJECT COST.RESERVES BASED LENDING BANK FACILITY WAS UNDRAWN AT YEAR END WITH EXPECTED PEAK AVAILABILITY OF $350-400 MILLION.ANTICIPATE START OF EXPLORATION DRILLING IN 2019 IN BLOCKS OFFSHORE MEXICO.FORECAST KRAKEN AND CATCHER DEVELOPMENT EXPENDITURE FOR 2018 IS $125 MILLION.
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Dec 23 (Reuters) - Bw Offshore Ltd ::FIRST OIL FROM CATCHER FPSO WAS SAFELY ACHIEVED ON 23 DECEMBER.CATCHER DEVELOPMENT PROJECT IS NEARING COMPLETION ON TIME AND WELL WITHIN BUDGET.BW CATCHER IS OWNED AND OPERATED BY BW OFFSHORE AND WILL COMMENCE A SEVEN-YEAR FIXED TERM CONTRACT, WITH EXTENSION OPTIONS OF UP TO 18 YEARS.CATCHER FIELD PARTNERSHIP IS MADE UP OF PREMIER OIL (50%), CAIRN ENERGY (20%), MOL GROUP (20%) AND DYAS (10%).UNIT HAS AN OIL STORAGE CAPACITY OF 650,000 BARRELS AND A PROCESSING CAPACITY OF UP TO 60,000 BARRELS PER DAY. FPSO HAS A DESIGN LIFE OF 20 YEARS OF UNINTERRUPTED OPERATIONS.
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Sept 20 (Reuters) - CAIRN ENERGY PLC ::PROVIDES PROCEDURAL UPDATE ON ITS DISPUTE WITH GOVERNMENT OF INDIA UNDER UK INDIA BILATERAL INVESTMENT TREATY.ARBITRATION PROCEEDINGS ARE WELL ADVANCED, TRIBUNAL AND PARTIES HAVE AGREED PROCESS AND TIMETABLE FOR FINALISING DOCUMENT PRODUCTION, SUBMISSIONS AND HEARINGS.TRIBUNAL STATED THAT IT EXPECTS PARTIES TO STRICTLY ADHERE TO DEADLINES SET OUT IN AMENDED PROCEDURAL CALENDAR.TRIBUNAL EXPECTS THAT IT WILL MAKE APPROPRIATE ARRANGEMENTS TO PROGRESS WITH DRAFTING OF AWARD AS EXPEDITIOUSLY AS POSSIBLE..
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