Last 183.30 GBp
Change Today +3.40 / 1.89%
Volume 357.5K
CNE On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Frankfurt
As of 7:35 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

cairn energy plc (CNE) Snapshot

Open
182.70 GBp
Previous Close
179.90 GBp
Day High
184.20 GBp
Day Low
180.60 GBp
52 Week High
01/6/14 - 276.50 GBp
52 Week Low
11/4/14 - 141.00 GBp
Market Cap
1.1B
Average Volume 10 Days
3.0M
EPS TTM
-0.67 GBp
Shares Outstanding
576.3M
EX-Date
02/6/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAIRN ENERGY PLC (CNE)

Related News

No related news articles were found.

cairn energy plc (CNE) Related Businessweek News

View More BusinessWeek News

cairn energy plc (CNE) Details

Cairn Energy PLC operates as an oil and gas exploration, development, and production company primarily in the Atlantic Margin, the Mediterranean, Africa, the United Kingdom, and Norway. As of December 31, 2013, the company had 62 licenses in 11 countries in frontier and mature basins. Cairn Energy PLC is headquartered in Edinburgh, the United Kingdom.

193 Employees
Last Reported Date: 04/15/14

cairn energy plc (CNE) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: 855.8K GBP
Executive Officer
Total Annual Compensation: 749.4K GBP
Compensation as of Fiscal Year 2013.

cairn energy plc (CNE) Key Developments

Cairn Energy plc Announces Discovery of High Quality Oil in the Second Well in the Senegal Exploration Programme

Cairn Energy plc announced a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar Offshore block with a target depth of ~3,000 m and targeting the Shelf Edge Prospect. Intermediate logging of the SNE-1 well has confirmed hydrocarbons in the Cretaceous clastics objective which is of similar age to oil bearing sands found approximately 24 km away in FAN-1. Initial analysis of the SNE-1 well indicates: 95 m gross oil bearing column with a gas cap; Excellent reservoir sands with net oil pay of 36 m; Oil of 32 degrees API from samples of gas, oil and water recovered to surface; and Preliminary estimates of the Contingent Resource range from P90, 150 mmbbls, P50, 330 mmbbls and P10, 670 mmbbls recoverable. Further evaluation of this zone is continuing. The deeper target of karstified and fractured Lower Cretaceous shelf carbonates is yet to be reached. The results of the FAN-1 well and the final analysis from the SNE-1 well will be used to decide optimal follow up locations to determine the extent of the hydrocarbon accumulations and additional activity which is targeted for 2015 onwards.

Cairn Energy plc Announces FAN-1 Exploration Well, Offshore Senegal, Discovers Oil

Cairn Energy plc together with its joint venture partners announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4,927 m and was targeting multiple stacked deepwater fans.  Preliminary analysis indicates: 29m of net oil bearing reservoir in Cretaceous sandstones; No water contact was encountered in a gross oil bearing interval of more than 500m; Distinct oils types ranging from 28° API up to 41° API  indicated so far from a number of oil samples recovered to surface; Initial gross STOIIP estimates for the FAN-1 well range from P90, 250 mmbbls, P50, 950 mmbbls to P10, 2,500 mmbbls and are broadly in line with pre-drill STOIIP estimates. As stated prior to the commencement of operations there are no plans for immediate well testing. Further evaluation will now be required to calibrate the well with the existing 3D seismic in order to determine future plans and optimal follow up locations to determine the extent of the discovered resource. Once operations are completed on the FAN-1 well, the rig will move to complete the second well, SNE-1 where the top hole has been drilled pending re-entry. This Shelf Edge Prospect targeting a dual objective in 1,100m water depth is in the Sangomar Deep block. The FAN-1 well was drilled using the semi-submersible drilling unit ‘Cajun Express’.  It is the third well in Cairn's North West Africa programme and first in Senegal. Cairn has a 40% Working Interest (WI) in three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore and Rusifique) ConocoPhillips has 35% WI, FAR Ltd. 15% WI and Petrosen, the national oil company of Senegal 10% WI. The three blocks cover 7,490 km2.

Cairn Energy plc to Report Nine Months, 2014 Interim Management Statement on Oct 30, 2014

Cairn Energy plc announced that they will report nine months, 2014 interim management statement on Oct 30, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNE:LN 183.30 GBp +3.40

CNE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for CNE.
View Industry Companies
 

Industry Analysis

CNE

Industry Average

Valuation CNE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CAIRN ENERGY PLC, please visit www.cairnenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.