Was 179 pence yesterday. Peaked at 203p today & is steady at 197p. See links below.
http://www.cairnenergy.com/index.asp?pageid=92
http://www.lse.co.uk/SharePrice.asp?SharePrice=cne
Given today's news FAR should see a rally tomorrow b4 the SP steadies itself for the nxt leg-up. Nxt trigger will b the rig move 24kms south east to SNE-1.
Move should b less then a day plus a day or two for setup & re-entry after which they'll start drilling ahead from 1300m.
By my estimates the first target is at 2600m & the second target is 2730m with proposed TD of 3500m. So on a trouble free basis should see it drilled to TD & logged by wk-3 or Oct end max as its a shallower well compared to Fan-1.
Cairn U K S Price, page-5
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50.0¢ |
Change
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
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