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United Kingdom

Cairn Energy Sees 2019 Net Production Of 19,000-22,000 Bopd


Tuesday, 12 Mar 2019 

March 12 (Reuters) - Cairn Energy PLC ::CAIRN PLANS A MATERIAL EXPLORATION PROGRAMME IN 2019.FY COMBINED NET PRODUCTION AVERAGED ABOUT 17,500 BOEPD.FY OIL AND GAS SALES REVENUE US$396M.ESTIMATED 2019 NET PRODUCTION OF 19,000 TO 22,000 BOPD; AVERAGE PRODUCTION COST US$20/BBL.FORECAST CAPITAL EXPENDITURE US$300M IN 2019.FY OPERATING LOSS $182.1 MILLION VERSUS $105.2 MILLION.