Cairn Energy PLC

Half-Yearly Results

Oil & Gas Daily Flow

Cairn Energy (CNE LN): Sale of Senegal interests take another step forward | Pantheon Resources (PANR LN): Talitha Production Unit extension secured | Chariot Oil & Gas (CHAR LN): Material resource upgrade, offshore Morocco

Auctus on Friday - 21/08/2020

PetroTal (PTAL LN)C; Target price £0.45: Pipeline allowed to restart this week, Bretana to be back on line by the end of August – There were no surprises in the 2Q20 financials. As at August 17, 2020, PetroTal had cash resources of US$13.5 mm, with accounts payable and accrued liabilities of ~ US$37 ...

Auctus on Friday - 31/07/2020

PetroTal (PTAL LN)C; Target price £0.45: Production at Bretana restarts – In anticipation of the re-opening of the ONP, Bretana oil production recommenced on July 15, 2020 and achieved over 12,000 bbl/d when all seven wells were online. Oil deliveries have also already commenced to the Iquitos refin ...

Senegal sale gives rise to special dividend

Positive deal for Cairn which will pay a special dividend and look for potential acquisitions. While the intention to farm down Senegal was clear, selling the assets in such an early state is interesting for Cairn, which de-risks its portfolio substantially.

Oil & Gas Daily Flow

Cairn Energy (CNE LN): Resolution of Cairn India proceedings could take place this year | JKX Oil & Gas* (JKX LN): 20-year extension granted at the Zaplavska field, Ukraine | Deltic Energy (DELT LN): Deltic board receives backing from largest shareholder | Reabold Resources (RBD LN): IMIC-1 w ...