Please re-read - the CEO make the statement of a stand alone discovery - these lads don't through terms like that around lightly:
imon Thomson CEO Cairn Energy PLC said; "The oil discovered in the FAN-1 prospect is an important event for Senegal and the Joint Venture. We have encountered a very substantial oil bearing interval which may have significant potential as a standalone discovery. Furthermore, this result materially upgrades the prospectivity of the block with a proven petroleum system and a number of deep fan and shelf prospects established. Work is already underway with the Joint Venture partners to determine follow up activity which is targeted for 2015 onwards. Cairn looks forward to working with the Government of Senegal and our partners to realise the full potential from this large acreage position off the West coast of Senegal."
Cheers
Congratulations Holders, page-28
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