For shareholders who haven't read it yet, please do. Here is a direct link.
http://files.the-group.net/library/cairnenergy/files/pdf_235.pdf
I love comments in it like:
We are focussing on this potential world class asset as a way of maximising shareholder value.
Also, based on SNE at 330 they have an estimated development cost of $17-26 a barrel and operating cost of 5-15 which points to a cheapest cost of $22 (17+5). Why do I pick this lower figure? I'm expecting something bigger than 330 and if the flow rates continue to be fantastic then development should be at the lower end.
Can't wait to see the final figures!
New Cairn IP on their website, page-6
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