Extension for Cairn's Indian Prospect

The HeraldJuly 14, 2004

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Summary


CAIRN Energy's successful Indian exploration programme received a fresh boost when the government in that country agreed an extension to the block on which the Edinburgh-based oil and gas firm made its third potentially significant discovery this year.

The extension, which analysts noted covered a very large area of Rajasthan state, sugg-esting Cairn had struck on a giant oil reservoir, will allow Cairn to complete appraisal work on the find.

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Extension for Cairn's Indian Prospect

While initial estimates i...

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