FAR 2.97% 52.0¢ far limited

CNE Annual Report, page-11

  1. 1,510 Posts.
    Keep topping up when you can people - this is the best find in oil for many, many years...

    "Senegal provides a material opportunity for Cairn
    to create substantial shareholder value from a world
    class asset. Our significant acreage position offers
    an exciting opportunity which has the potential to
    be transformational to the business, our partners and
    our shareholders. Senegal is an important regional
    hub and provides a firm economic base for a large​
    West African population." Chairman comment - Exert from report

    "Our approach in Senegal is consistent with Cairn’s
    strategic delivery in recent years; we are a highly
    experienced operator with a focus on health and
    safety and providing benefit to the communities
    in which we operate. Central to this are the strong
    partnerships we form with industry and government
    alike. The Board saw first hand not only the size and
    scale of opportunity in Senegal, but also the strength
    and depth of the team managing the project. The
    Joint Venture (JV) in Senegal brings many capabilities
    that are being applied to the existing exploration and
    appraisal programme and will also benefit future​
    development." Exert from report

    Cheers
 
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