Cairn Energy Shares Surge On Indian Update

The HeraldNovember 11, 2005

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Summary


SHARES in Cairn surged more than 5-per cent on an encouraging update on exploration activity in India where the oil and gas firm made a series of giant finds last year.

Edinburgh-headquartered Cairn, which became the star of the exploration sector thanks to its drilling success in India, said furtherwork on three discoveries suggested it might be able to extract more oil from them than first thought.

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Extract


Cairn Energy Shares Surge On Indian Update

The finds concerned include Mangala, which was th...

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