Market Reaction: slightly negative given that the exploration part of the well was unsuccessful. We carried this well at £0.10 per share in our ReNAV (£0.25 per share Unrisked). This is partially offset by the success of the appraisal component of the well and the decision to drill an additional well, suggesting the main field continues to grow.
11 Apr 2016
GAS IN POOR QUALITY RESERVOIR AT THE BELLATRIX EXPLORATION TARGET IN SENEGAL
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GAS IN POOR QUALITY RESERVOIR AT THE BELLATRIX EXPLORATION TARGET IN SENEGAL
Capricorn Energy PLC (CNE:LON) | 169 -2.4 (-0.8%) | Mkt Cap: 155.5m
- Published:
11 Apr 2016 -
Author:
Stephane Foucaud -
Pages:
3
Market Reaction: slightly negative given that the exploration part of the well was unsuccessful. We carried this well at £0.10 per share in our ReNAV (£0.25 per share Unrisked). This is partially offset by the success of the appraisal component of the well and the decision to drill an additional well, suggesting the main field continues to grow.