Companies / India
Cairn Upgrades India Oil Potential By 1bn Barrels
March 2006 | Company News AlertUK-based oil explorer Cairn Energy this morning delighted the stock market with a one billion barrels upgrade to the reserves located in its Indian Rajasthan concession area. The company has revised upwards its estimates of proven and probable reserves by around 20%, as well as pledging a separate listing in India of its Indian subsidiary, with the aim of returning cash to shareholders. A 6% share price rise greeted the news, which accompanied Cairn's full year 2005
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Asia Pacific Oil and Gas Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Asia Pacific Oil and Gas Insight please click on the trial link below.
