Cairn AGM CEO's statement

Nothing new just confirmation.  Relevant extract:

"
In Senegal, we have confirmed the scale and potential of the world class SNE field, having successfully drilled nine wells in three years. Following appraisal success in 2016 which saw us upgrade our resource estimates, we commenced the third phase of drilling in January and have drilled three successful wells this year with a further exploration well shortly commencing.
The near-term focus in Senegal is defining the scale and phasing of the overall SNE field development including the balance between the number of drilling centres, type and number of wells and the subsea infrastructure. As previously indicated, we aim to submit an Exploitation Plan to the Government of Senegal in 2018 with a Final Investment Decision within twelve months thereafter and first oil in the period 2021 to 2023.
Cairn currently anticipates providing an update on contingent resource estimates at the half year in August when the results of the latest wells will be further analysed and incorporated into the design and development plan for the SNE field."


Full release under News on Cairn's website:

http://www.cairnenergy.com/index.asp?pageid=27&newsid=497

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