Edition:
United Kingdom

Cairn Energy Sees FY Net Production Of 19,000-22,000 Boepd


Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Cairn Energy PLC ::CAIRN ENTERS 2019 WITH BALANCE SHEET STRENGTH AND CASH FLOW FROM NORTH SEA PRODUCTION TO FUND SIGNIFICANT GROWTH OPPORTUNITIES.WE ALSO EXPECT A FINAL INTERNATIONAL ARBITRATION DECISION ON OUR INDIA CLAIM IN NEAR TERM AND WE REMAIN CONFIDENT OF OUR POSITION.COMBINED PRODUCTION NET TO CAIRN FROM CATCHER AND KRAKEN FIELDS IN 2018 AVERAGED 17,500 BOEPD.FULL YEAR PRODUCTION, NET TO CAIRN, FOR 2019 IS ESTIMATED TO BE 19,000 TO 22,000 BOEPD.GROUP CASH AT YEAR END WAS US$66M.