Market reaction: slightly negative as some investors might have expected a larger increase in Contingent Resources closer to the figure reported by Far (FAR AU) of 240-940 mmbbl (2C Resources of 468 mmbbl). Note that the impact of SNE-3 has not been factored in Far and Cairn's numbers. Contingent resources in Senegal are now estimated at 200-690 mmbbl with a mean point of 385 mmbbl (150-670 mmbbl gross resources previously with a mean point of 330 mmbbl previously). We already assume 400 mmbb
15 Mar 2016
FY15 RESULTS
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FY15 RESULTS
Capricorn Energy PLC (CNE:LON) | 176 17.3 5.9% | Mkt Cap: 162.0m
- Published:
15 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: slightly negative as some investors might have expected a larger increase in Contingent Resources closer to the figure reported by Far (FAR AU) of 240-940 mmbbl (2C Resources of 468 mmbbl). Note that the impact of SNE-3 has not been factored in Far and Cairn's numbers. Contingent resources in Senegal are now estimated at 200-690 mmbbl with a mean point of 385 mmbbl (150-670 mmbbl gross resources previously with a mean point of 330 mmbbl previously). We already assume 400 mmbb