Mar 23 Aoû 2011 11:14
COMPANY SNAPSHOT: Cairn Energy, Fenner, Shanta Gold, Mariana
8:06 am by Sergei Balashov
Investors in London were focused on resource stocks this morning after a few mining and oil and gas majors released their interim reports, while several juniors updated the markets on their operations.
FTSE 100 oil firm Cairn Energy (LON:CNE) said its revenues jumped to US$1.3 billion in the six months to end June from US$333 million a year earlier as gross operated production rose from 87,53 barrels of oil equivalent per day (boepd) to 166,527 boepd.
Cairn has also updated investors on its deal to sell its 40 percent shareholding in Cairn India to Vedanta Resources (LON:VED).
“Cairn is encouraged that the Vedanta transaction is moving towards completion.
Following approval from the Government of India, all parties are now working to satisfy the consents and conditionsto complete the sale to Vedanta as soon as possible,” said chief executive of Cairn Energy Simon Thomson.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU