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Cairn Half Yearly highlights, page-9

  1. 16,268 Posts.
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    Yes and I like this:

    "The JV is working to determine how best to phase the development of the large resource base. We are also consolidating our views on how the changes in industry pricing will impact the capital expenditure cost estimates of development including the economic field size."

    In other words a phased development with significantly lower costs hence economic at lower oil prices.

    H
 
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