Despite a lack of update on the Indian tax dispute (with the panel expecting to give an award after the end of the summer), the results are decent. Production averaged 22.4kboed, at the higher end of the 19-23kbpd guidance and the full-year guidance is also raised to 21-23kbpd. The sale of Senegal to Woodside has been approved by shareholders and remains subject to government approval.
29 Sep 2020
H1: steady production


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H1: steady production
Cairn Energy PLC (CNE:LON) | 176 -1.2 (-0.4%) | Mkt Cap: 877.4m
- Published:
29 Sep 2020 -
Author:
Kevin VO -
Pages:
2 -
Despite a lack of update on the Indian tax dispute (with the panel expecting to give an award after the end of the summer), the results are decent. Production averaged 22.4kboed, at the higher end of the 19-23kbpd guidance and the full-year guidance is also raised to 21-23kbpd. The sale of Senegal to Woodside has been approved by shareholders and remains subject to government approval.