https://hotcopper.com.au/threads/ca...-stake.4083727/?post_id=31806433#.WwyzrO6FNNA
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Once the project development plan is approved this year and an investment decision made, Cairn will have “options in respect to potential farm-downs,” Chief Executive Officer Simon Thomson said Tuesday. Selling an interest in the field — called SNE — would allow the U.K. exploration company to profit from the find before moving to production, returning proceeds to shareholders.
“Once the exploitation plan is finalized, it could open up the opportunity to monetize the discovery,” Nathan Piper, an analyst at RBC Europe Ltd., wrote in a note. It’s likely Cairn will sell half its stake in SNE in the next 12 to 18 months, he said.
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Topping up, page-12
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