Cairn Energy Expects to Sell Off Finds in Rajasthan; No Rush to Deal at Wrong Price, Though, Insists Gammell
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Summary
Bill Gammell, chief executive of Cairn Energy, said the oil and gas company could soon be ready to consider offers for its interests in acreage covering two of the three big finds it has made in India this year.
Noting Cairn had "never believed in size for size's sake", Gammell told shareholders at yesterday's annual meeting: "Somewhere along the line I expect we would exit all or part of our positions in Rajasthan".See the full content of this document
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Cairn Energy Expects to Sell Off Finds in Rajasthan; No Rush to Deal at Wrong Price, Though, Insists Gammell
After moving to appraise the finds quickly, Cairn may be in a position to put a valuation on the first two Rajasthan finds by the time of its interim results announcement in September.
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