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Good article and interesting read however the Devas case has nothing to do with retrospective tax and has no bearing on the out come for Cairn .

Seems to bounce off 13 , B&M are leading the way. I think we will start to climb the broker ratings are so far above our S.P the gap must start to close soon .

Slowly nudging higher the closer we get to next Thursday’s AGM . Not long troops until we get an update . I suspect we might nudge beyond 200 p pre AGM .

We are all guessing but as quoted in numerous articles on line , since the rules were issued on the feedback from the various companies involved it is hoped they are settled quickly. Agree our CEO probably made it sound a bit to easy on the 7 th September but I can’t for one minute believe India would issue the final rules without knowing they would be accepted . Only time will tell . Fingers crossed .

There will need to a stewards enquiry if this ends up falling down after the CEO and GOI so publicly said the deal was as good as done . Never say never but remember GOI want this over the line pronto to push for foreign investment.

Best in class and great set of results and we are sitting mid 12 s . I am hoping for a rise next week into ex divi day . Crazy world . Broker ratings are pretty much a buy with target prices north of 15 .

I agree Thunder very frustrating especially the silence on the Indian front . I am sure there is lots going on in the background and I will be very keen to watch the S.P as we near the AGM . Not long now and if not before I am sure we will get an update on India tax issue then .

Great find . More good news for Cairn as it would of mentioned them if there was any doubt at all . North Sea deal is done and yes in hindsight of oil price it is a shocker but we need to move on .

Well said news must be due this week . I can’t see why not .

Hey Ant let’s hope we get news soon and it is positive . This is crazy undervalued and the Indian tax money is transformational for Cairn going forward . Lots of Q4 positives . Eni are drilling Mexico at the end of the month as well due to take 55 days. Just in time for Xmas result

Agree with all the take over chat , that much cash on the balance sheet would be very tempting to a lot of companies. Let’s see what the rest of the week brings .

After the news breaking I thought we would have heard something this morning. News must be imminent and considering Cairn were actively involved in the feedback consultation I can see no reason for any hold ups. Remember India want this over the line as much as Cairn do. Just for clarification the Devas case has nothing to do with retrospective tax .

What is a fair price on Indian cash ?? I have tried to work it out evenly putting Egypt at 66p. Anything below 2.40 is utterly crazy and TO country .

Easy to find through Google . The story is in half of India’s press . Massive for them to get this over the line . Close eye on uk press in morning , then Cairn will have no option but to issue an RNS 0700 Monday. Fingers crossed all good I would be flabbergasted if it was not .

The rules have been issued and companies feedback incorporated . Expect a positive RNS from Cairn 7am Monday . “ since the rules have been issued after detailed feedback from companies, it is likely that the cases could be settled quickly”. This mornings economic times . These companies can now settle these cases with the government under the framework within 30-60 days. I will be keen to see if any of the UK press pick this story up tomorrow morning .

I think we will hold above 240 p I am very bullish on that . Failure to do so will make us a sitting duck for a takeover with all that cash in the bank. The numbers will add up in the end. As detailed below there is a lot of positive stuff going on in the next 3 months for Cairn . Shell drove Egypt into the ground there is massive potential there and quickly .

There are Numerous articles online saying the rules will be finalised in the coming days . What we do know is the draft rules were back in on the 4th Sep with feedback submitted . Cairn made numerous statements on the 7th saying a deal was imminent. The news is coming no doubt about it

No matter what Poly does she follows the Gold price . Gold price going down so I don’t think we are near the bottom yet . Unbelievable really when you run the numbers. Still a massive profit machine but the market only tags it to the gold price

Nice little boost on USA opening . Nice to see Cairn heading back in the right direction

Very keen to stress the Significant exploration potential mentioned numerous times. Pretty much straight into a big drilling campaign let’s hope they are right and we are not seeing the whole picture unlike the board.