Member Info for Barnyrubble

Thunder I hope you are all noise and you never sold your shares at this silly price if so more fool you. The deal is done and money on route . The Nav is almost at receipt of GOI money . Everything for free. That’s not right and can’t continue .

The money is coming and very soon any other thought that it might not happen is just *******s . Far too far down the line for anything but a payment within the next 2-3 weeks timescale.

Mexico well update due end of the month . Let’s hope Eni good luck continues on Block 10.
“ According to the regulator, Eni expects to invest US$40.4mn at the site to better understand the boundaries of the formation, which it estimates to contain some 200-300Mboe (million barrels of oil equivalent). The well is expected to confirm 86.6Mboe of contingent resources.

I agree the balance sheet on receipt of the Indian cash at todays exchange rates plus the nett cash Cairn will already have on there books must be close to if not more the todays market Cap . Even at ridiculously discounted numbers there is no value being given to Egypt . Bonkers

At todays closing price we have a market Cap of £918 million and in a few weeks time we will hopefully have around this amount in the bank. I can’t figure this out why Egypt has been given zero value when the latest berenberg report had it at 66 p. This must be a sitting duck for a take over. confirmation of payment date and time line has to push this north pre ex divi .

Not what I was hoping for I must admit I thought the GOI news would push us beyond 200p. Still lots to look forward to near term with a full break down on payment and plan . Any update and news on Egypt would be well received as well .

Totally agree Cairn are buying 20 million now and another monster 200 million after ex divi . That is a shed load of shares at the 120 p range to start with. Then we have phase 2 of the cairn transition which I think will be announced shortly and hopefully better received than Egypt . Lots of strong positives next year after the divi is paid out. That is my point

Mega I agree what drivel . The SP will drop massively on ex divi date to what extent we don’t know but 75 p a share is not a bad guess. What will re bound the share is the next phase and what Cairn buy next and where. secondly the massive buy back will help as well .

If you have not already I would suggest you take 10 minutes to listen to the Wood Mackenzie pod cast shell sells western desert . easily found and free on google. Near term goal for Cairn is to significantly boost production and according to shells own estimates there are up to 800 million of untapped resources in place . There is no doubt about it if you are waiting on the divi then you need to wait on this playing out. I believe in the western desert the results speak for themselves very low risk drilling . I also think it was utter madness selling the NS assets but we need to move on.

Tried twice to get through and knocked back both times heavily . 200 p won’t hold much longer especially in the run up to ex divi day .

To end the day down is comical . Even taking into account the sellers jumping on the share price muted response this is ridiculous. Waiting game now the re rate has to happen or we will be sitting at cash value with everything thrown in for free

At this price everything is priced for free. Surely a take over target being this cash rich and no debt. Absolutely crazy

Lots of positives . FCF Egypt will be interesting and also some visibility on the plan and time scale to get production back up to 50,000 boed .

The deal is a shocker but when it was put together no one envisaged the run oil would go on . If we had not done the deal we would be sitting to at 2.50 plus and waiting on the Indian news.

Lots to look forward to and nice to see the SP bounce again from the 180 recent low. Appraisal well underway in Mexico big news due just before Xmas let’s hope it is positive. Any news on Egypt and update presentation would be great to see.

According to court documents the rescheduled court proceedings in New York are set for the 18 th November “The Parties have conferred and agreed that the stay will facilitate the efficient resolution of the dispute, conserve the Court's and Parties' resources, and is not intended to obstruct or delay," News will be soon there is no doubt. Patience is key

On the circular for tomorrows AGM the statement at the bottom reads there will be the opportunity to engage with the board for Questions. There is only one question on everyone’s lips , what is happening in India. I can’t see how AGM can go through without the Board providing an update on India. Separate matter yes but absolutely critical to Cairn overall .

Remember the The New York district court delayed the tax suit only until November 18, that is not that many trading days away .

I think the big share sale from the CEO is still getting washed through the system , unfortunate timing and for no reason but to cover his tax and NI liabilities. going down when all peers going up 3 days before ex divi is not good. Come on Dunelm

Either way that was a disappointing end to the week dipping below 190 p. One thing for sure is Cairn keep a tight ship when it comes to news , you only have to check the charts. Let’s see what next week brings. We are rapidly approaching 2 months since the last update and that is not near term .