The Atom-1 well on Block 9 in Mexico encountered over 500 metres of high-quality water bearing sands across multiple targets. The Bitol-1 well is expected to be spudded in November and the Saasken-1 well is currently being drilled. In a separate RNS, Cairn indicated that the Arbitral Tribunal expects to be in a position to issue an award relative to the ongoing US$1.4 bn arbitration against India in the summer of 2020.
28 Oct 2019
FLASH: Dry hole in Mexico and arbitration update in India
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FLASH: Dry hole in Mexico and arbitration update in India
Capricorn Energy PLC (CNE:LON) | 165 6.3 2.3% | Mkt Cap: 151.7m
- Published:
28 Oct 2019 -
Author:
Stephane Foucaud -
Pages:
2
The Atom-1 well on Block 9 in Mexico encountered over 500 metres of high-quality water bearing sands across multiple targets. The Bitol-1 well is expected to be spudded in November and the Saasken-1 well is currently being drilled. In a separate RNS, Cairn indicated that the Arbitral Tribunal expects to be in a position to issue an award relative to the ongoing US$1.4 bn arbitration against India in the summer of 2020.