Proving that frontier exploration is something of a lottery, Cairn Energy gave its investors a chill today as it revealed its Greenland drilling campaign is yet to locate oil and gas.
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Cairn Energy is a FTSE 100 oil and gas exploration and production company, with two divisions, Cairn India and Capricorn. Cairn India is an autonomous business listed on the Bombay Stock Exchange and the National Stock Exchange of India and has interests in a total of 14 blocks in India and Sri Lanka. Cairn holds a 65% interest in Cairn India. Capricorn is an exploration led business with a strategy of organic growth and value enhancing acquisition. Capricorn's core assets are in South Asia, the Mediterranean and Greenland.
25/05/12
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Result of AGM17/05/12
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Holding(s) in Company14/05/12
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Holding(s) in Company09/05/12
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Proving that frontier exploration is something of a lottery, Cairn Energy gave its investors a chill today as it revealed its Greenland drilling campaign is yet to locate oil and gas.
02/04/10
An upbeat re-assessment of oil production from the Rajasthan fields in India will see the group target 175,000 barrels of oil per day from the India fields alone
17/05/12
Cairn Energy and Prudential the latest to feel shareholder heat17/05/12
Cairn Energy still upbeat on Greenland, eyeing new frontiers in Spain, Cyprus and Lebanon09/05/12
Cairn Energy seals North Sea acquisition20/03/12
Cairn Energy's 2011 operating losses top £1bn14/02/12
Cairn Energy returns Cairn India stake sale cash to B shareholders09/02/12
Cairn Energy's Indian stake causes broker Numis to be more positive23/01/12
Cairn Energy sells Greenland stake to Statoil08/12/11
Cairn Energy completes Cairn India stake sale; to return US$3.5 bln to shareholders30/11/11
Cairn Energy unlikely to drill for oil off Greenland next year after 2011 campaign failed – Oriel Se30/11/11
Cairn Energy shares fall after Greenland drilling fails to find commercial hydrocarbons