Market reaction: neutral. While an increase is fundamentally good news, Cairn reported last week a much more conservative estimate of 473 mmbl for 2C Contingent Resources that was also including the results of the two latest wells. We note that Cairn Energy is the operator of the block.
23 Aug 2016
FAR (FAR AU) INCREASES RESOURCES IN SENEGAL
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FAR (FAR AU) INCREASES RESOURCES IN SENEGAL
Capricorn Energy PLC (CNE:LON) | 176 0 0.0% | Mkt Cap: 161.6m
- Published:
23 Aug 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: neutral. While an increase is fundamentally good news, Cairn reported last week a much more conservative estimate of 473 mmbl for 2C Contingent Resources that was also including the results of the two latest wells. We note that Cairn Energy is the operator of the block.