Cairn’s operational update was broadly inline with our model, and as such we don’t expect to make any major changes to our RENAV of c260p, although YE net cash was higher than we forecast. Both Kraken and Catcher appear to be on track, and our 2018 production estimate is within the range of guidance. Given a busy Norway drilling programme, and the potential impact from successful arbitration, Cairn is one of our preferred picks for 2018.
23 Jan 2018
Operational update
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Operational update
Capricorn Energy PLC (CNE:LON) | 162 -4.9 (-1.8%) | Mkt Cap: 149.4m
- Published:
23 Jan 2018 -
Author:
Jessica Saadat -
Pages:
3
Cairn’s operational update was broadly inline with our model, and as such we don’t expect to make any major changes to our RENAV of c260p, although YE net cash was higher than we forecast. Both Kraken and Catcher appear to be on track, and our 2018 production estimate is within the range of guidance. Given a busy Norway drilling programme, and the potential impact from successful arbitration, Cairn is one of our preferred picks for 2018.