Cairn will release its H117 results on Tuesday, 22nd August. Given Kraken only started production at the end of June, the H1 financials will be relatively meaningless. The key thing to watch out for will be the resource update for SNE, off Senegal. Our RENAV of 225p currently includes 85p for SNE, based on 2C resources of c470mmbbls (gross) for SNE, risked at 65% CoS. We include another 11p risked for 3C/exploration upside. Given an extremely attractive valuation, and potential material upsid
18 Aug 2017
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Capricorn Energy PLC (CNE:LON) | 165 6.3 2.3% | Mkt Cap: 151.7m
- Published:
18 Aug 2017 -
Author:
Jessica Saadat -
Pages:
4
Cairn will release its H117 results on Tuesday, 22nd August. Given Kraken only started production at the end of June, the H1 financials will be relatively meaningless. The key thing to watch out for will be the resource update for SNE, off Senegal. Our RENAV of 225p currently includes 85p for SNE, based on 2C resources of c470mmbbls (gross) for SNE, risked at 65% CoS. We include another 11p risked for 3C/exploration upside. Given an extremely attractive valuation, and potential material upsid