FAR 0.98% 50.5¢ far limited

Cairn boss highlights prospect of big payouts to investors in Edinburgh oil firm article

  1. 1,089 Posts.
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    http://www.heraldscotland.com/busin...prospect_of_significant_payouts_to_investors/

    16th May

    Relevant bit.. We have moved from "low $30s" to $30...

    ...
    Mr Thomson noted the development would break even with crude trading at $30 per barrel, compared with around $78/bbl yesterday. He said Cairn could sell down part of its holding in SNE at some point but has no need to currently. It expects to remain in Senegal for some time.

    ...


    Last year

    https://www.ft.com/content/f6833d54-8729-11e7-bf50-e1c239b45787

    AUGUST 23, 2017

    "Simon Thomson, chief executive of Cairn, said the project would break even in the “low $30s” a barrel "
 
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