Last 161.20 GBp
Change Today +4.70 / 3.00%
Volume 2.8M
As of 11:35 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

cairn energy plc (CNE) Snapshot

Open
156.50 GBp
Previous Close
156.50 GBp
Day High
162.90 GBp
Day Low
156.00 GBp
52 Week High
10/22/13 - 288.50 GBp
52 Week Low
03/24/14 - 149.70 GBp
Market Cap
928.9M
Average Volume 10 Days
4.0M
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)

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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 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 Announces to Axe Jobs in Restructuring

Cairn Energy announced that it plans to shed jobs in Edinburgh as the company refocuses. Consultations about job losses were not enjoyable but such changes were natural in the exploration and production business.

Cairn Energy plc Reports Unaudited Group Earnings Results for the Six Months Ended June 30, 2014

Cairn Energy plc reported unaudited group earnings results for the six months ended June 30, 2014. For the period, the company reported net loss attributable to equity holders of the parent of $62.1 million or 10.80 cents per basic and diluted share, operating loss of $125.2 million, loss before taxation from continuing operations was $119.7 million against net loss attributable to equity holders of the parent of $219.1 million or 36.70 cents per basic and diluted share, operating loss of $107.7 million, loss before taxation from continuing operations was $372.6 million a year ago. Net cash used in operating activities was $17.3 million, expenditure on property, plant & equipment - development/producing assets was $7.9 million, purchase of property, plant & equipment and intangible assets of $1.5 million against net cash used in operating activities was $22.5 million, expenditure on property, plant & equipment - development/producing assets was $10.0 million, purchase of property, plant & equipment and intangible assets of $2.6 million a year ago.

 

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