Giving the "tight" hole status of the well and CNE being the Operator, I'd imagine the first sign of a significant piece of news will come from a news release from CNE.
There has not been much official news on FAN-1 this year. http://www.investegate.co.uk/Index.aspx?searchtype=3&words=cne
Even discussion boards on CNE are of low key affairs. I wonder if that's because of the unsuccessful "Greenland" drilling campaign that is “still” causing an hangover on the company.
http://boards.fool.co.uk/cairn-energy-on-the-move-13091408.aspx?sort=whole#13092775
http://uk.advfn.com/cmn/fbb/thread.php3?id=21471752
Judging by the traded volumes on CNE, average of approxi. 1.5 million shares over the last 14 trading days and average of 1.6 million over the last 7 trading days, the market is not really getting excited. However, yesterday, the traded volumes were c.2.2 million shares, significantly higher than the recent averages. Since news from CNE is not expected until at least somewhere near the end of this month, i.e. only 7 trading days to go, it should be interesting to watch the traded volumes and share prices to see if there are any dramatic changes that would give us a hint of the likely outcome of FAN-1.
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Giving the "tight" hole status of the well and CNE being the...
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No. | Vol. | Price($) |
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3 | 79726 | 0.500 |
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1 | 41011 | 0.475 |
Price($) | Vol. | No. |
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