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Cairn Pre-Close Update 19 January, page-110

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894

21/01/16

13:33

Post #: 16841643
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Originally posted by hardmano ↑

LTA

Yes just wait and see and perhaps desist from speculating on the basis of .... nothing really. I think that what CNE indicated back around the middle of last year was that they would be presenting to the government of Senegal and the JV the plan for the 3 contingent wells in Q4. I think with the delays in starting and the fact that results are not yet fully assessed for SNE-2 ... this date will have been put back a bit.

Also as pj says the Head of Exploration indicated that the make up ofv teh contingent wells (which prospects and appraisal vs exploration would be dependent on the outcomes of the first 3 wells. So I personally don't expect we will know 1) whther they are drilling the next 3 or 2) which locations they will drill .... until much nearer the end of the 3 firm wells ... perhaps not even until after Bel-1 because success or otherwise there will be a major determinant of the forward plan.

H

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"......desist from speculating......"??

Well that will reduce the number of FAR posts each day dramatically.

I second the motion.

FAR Price at posting: 6.8¢ Sentiment: None Disclosure: Not Held
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Last 50.5¢		Change 0.000(0.00%)		Mkt cap ! $46.66M

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50.5¢	50.5¢	50.0¢	$69.83K	139.5K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	37029	0.495
1	5000	0.490
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0.505	49251	2
0.510	110106	4
0.515	29416	4
0.520	385246	9
0.525	16505	1

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