one4all
21 Nov 2017
read [link]
one4all
21 Nov 2017
rumours rubbished by Cairn sell
reaist
21 Nov 2017
Re: (CNE.L) is in talks with BP Doesn't seem very much
Rhino1958
20 Nov 2017
(CNE.L) is in talks with BP SYDNEY/DAKAR (Reuters) - Oil exploration company Cairn Energy (CNE.L) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said on Monday. “We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal),” an adviser to Senegal’s oil minister, who declined to be named, told Reuters by telephone.
kjr59
17 Nov 2017
2016 Senegal permit sale - ConocoPhillips to Woodside [link] 35% of license for $350million with a $80million completion fee on top.When oil price was down around $40-45/bblSo Cairn should do considerably better than this especially as further work has progressed the reserves since this sale as well as the oil price upside.
kjr59
17 Nov 2017
Re: New Article - Malcy's blog & comment... correction ConnocoPhillips bailed out not Chevron selling to Woodside
kjr59
17 Nov 2017
New Article - Malcy's blog & comment... [link] know this is like an old record, but I am still hearing that Cairn (CNE) are in the process of selling around 30% of their stake in their offshore Senegal discovery. My latest gossip, and that is all that it is, suggests that BP (BP.) will buy that stake and the operatorship of the project.This may make Far Ltd and Woodside (WOPEY) to a lesser extent look very smart but who knows, time will tell I may be completely wrong!"All very much speculation going on here....no mention of any sale price by him either.IF any sale were at $300m it would be a steal for a proven resource of 2billionboe + Bear in mind the group have worked up this license, shot seismic & drilled several prospects and follow on appraisal wells and also then tested them with costs in excess of this figure...so a sale at $300m would be underwhelming and suggest desperation to depart the project.NB Chevron bailed out of this consortium selling it off to Woodside (if FAR don't stop the transaction for there own ends).all IMHO too! DYOR etc etc
one4all
17 Nov 2017
sold 30% SENEGAL to BP $300mill I hear that would be beautiful if Macly GW is right
II Editor
03 Nov 2017
NEW ARTICLE: The Oil Man: President Energy, Ascent Resources, Far Ltd "WTI $54.54 +24c, Brent $60.62 +13c, Diff -$6.08 -11c, NG $2.93 +4cA sluggish start yesterday for the oil price; the inventory stats were fine, but the API had taken the kudos the day before, so it was a bit like after the Lord Mayor's Show. ..."[link]
forwardloop
24 Oct 2017
Info www.proactiveinvestors.co.uk/columns/the-pay-zone/28869/oil-price-cairnfar-savannah-sundry-premier-genel-eco-atlantic-and-finally-28869.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-370336-PROACTIVITY+-+Keywords+Studios+unveils+biggest+deal+to+date
Rhino1958
12 Sep 2017
Tops GoldmanÂ’s M&A Target List 2017 [link] Energy Tops Goldman’s M&A Target List 2017"As far as the potential valuation of Cairn Energy is concerned, we are looking at a company where the average analysts valuation of the group is some 40% higher than the present share price!
jaymac3
30 Aug 2017
Re: Indian tax Dispute I believe the recent payment is not part of the much larger disputed value relating to the 10% of CIL shares being blocked by the Indian Government which is the real core of the dispute as has been pointed out here. This recent amount is in respect of the losses from the market value of the share price and dividends so the much larger sum covering the 10% still blocked may now be a more realistic indication of the release of the embargo on that 10%of the CIL shares. If I have been mistaken in my assessment of this unreasonable matter, please correct me.
reaist
25 Aug 2017
Re: Indian tax Dispute I agree that the share price currently values the shares/dispute at negligible levels, but management appear very bullish and resolution is slated for early 2018 so I would have thought that the share price should start to price in some upside unless winning the dispute will not lead to resolution.
NoQuestionMarks
25 Aug 2017
Re: Indian tax Dispute I'm no expert and have bought into Cairn based on the discoveries in Senegal & Norway being brought to production largely by receipts from Kraken and Catcher as well as existing cash. Sure, we are going to use the credit cards too, but there is a route to production here.As regards the dispute with India; I look to the Vodafone dispute with India which I think followed the same arbitration route as us did it not?Vodafone were vindicated and demands for monies were dropped.If the board are right, and we are innocent, I am confident that we will get our withheld dividend payments and access to our shareholding in what was CIL.For compensation I am not too sure how that will go. We are going to have to fight very hard and hopefully the UK Government will get involved like they did with Vodafone.Tricky situation for them though whilst trying to negotiate trade deals with India.Market has discounted the withheld assets, until things change one way or the other I am doing the same.nqm.
jimmy24
25 Aug 2017
Re: Indian tax Dispute The total value of assets blocked by the Indian tax dispute is $930 million, which has been completely discounted in the share price, so any settlement of this matter will have a huge impact on the share price.J
