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by the International Arbitration Court's rulings. This is/will be plastered all over the World media for all to see putting even more people off investing in India. I mean........... would you!!!
The final bill just gets bigger and bigger and bigger.
Will they ever learn?
I wonder if they even realise how utterly crazy they look not paying when ordered to do so what......... last December.
All IMHO.

things are going well due to high oil price. I expect not much about the disgraceful failiure of India thus far to pay Cairn the $1.7 Billion COMPENSATION, unless an agreement has been made, which I doubt.

Monday. Half year results are Monday. Here:-
https://www.cairnenergy.com/investors/financial-calendar/#Tab2022=1

Like who?

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India have effectively made an offer of $1 billion, excluding the additional $700m the International Arbitration Court awarded Cairn. As we know the Indian Government are appealing the Arbitration decision this month. Most seem to think they have no chance. Also there is a court case in the USA where Cairn are trying to get possession of Air india assets including aircraft to sell off and help pay the debt! I understand in France a court has put a freeze on some Indian owned property pending the outcome of the appeal. I assume if India lose then Carin will get these and be able to sell them off.
So maybe Cairn will simply say nothing for the next couple of weeks? The court action is in the public domain and they told the market about the Indian Government repealing the retrospective tax law.
Frankly if I were Cairn I'd say nothing, unless they want to agree the $1 billion only, excluding the other $700m.
Let the legal action roll on.............
All IMHO.

in the last 10 mins. Market Market makers half asleep?

BasilHope.
No advice given by me, just stating what look like the possible outcomes.
I actually think the most likely is they pay the $1 Billion plus most of the interest and legal fees. But who knows? No-one yet maybe.
All IMHO.

some big news out, maybe OPEC??

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surprise me. I hold some after selling enough a few months back so the ones I have are free. Clearly by the sp movements there is substance to the Alaskan oil field, as in massive potential. Very massive.
Intend to hold until we find out.
All IMHO.

499,110,000 shares in issue.
Current market cap = 499,110,000 x £195.50 = £975,760,050.
India owe Cairn acccording to international arbitration £1,200,000,000, including the interest and legal fees.
The arbitration bill amounts to £1,200,000,000 / 499,110,000 = £2.40 a share on it's own!!
It's quite ridiculous.
Cairn were as low as £1.26. If we add the £2.40 we get £3.66p.
I'm no expert but the current sp is, in my opinion crazy low.
Also IMHO India could, if their constitution allows it, buy Cairn for say £2.80 a share and save themselves a fortune I think.
But what do I know!
All IMHO

that would be about £1.2 Billion, same as the $1.7 Billion.
So no $1.7B compensation, and they get the entire Comoany as well.
Of course they might not get CNE for £2.40 a share. I should think £2.80 migh do it.
All IMHO.

Banburyboy.
"they have changed their ways and enshrined it in legislation.".
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LOL!! By not offering to pay the $700 MILLION interest and legal fees they were ordered to pay by International Arbitration !!!! You have got to be joking!!
They are a total disgrace in my opinion.
All IMHO.

Possibilities:-
1. Agree $1 billlion Compensation without interest and legel fees (call it other). I guess sp goes to £2.50 ish.
2. As above but say half of other. I guess sp £2.50 to £3.00.
3. As above but all interest and costs (the only option for the Indian Government that will really encourage foreign investment if you ask me). I guess sp £3.00 to £3.50. IMHO this is the option India should go for but the way they have handled this to date I do wonder.
4. Cairn say they won't accept any offer other than full payment in line with the ruling and India refuse to pay. I guess the sp would drop to £1.25 ish. However assuming Cairn win the Indian arbitration appeal (I think they will easily) I think the Indian Government would have to pay the lot or be in huge trouble as far as foreign investment goes.

All IMHO.

would get (if they bought Cairn):-
1. No legal issues.
2. The cash Cairn has in bank.
3. Cairn assets, so on going oil revenue etc..
4. No $1.7B (£1.2B) bill to pay.
So to placate their voters they say we bought out Cairn, raher than spending £1.2B on just a bill, with nothing to show for it. We now have a profitable Company will a highly skilled work force to develop Indian gas/oil.
Seems a reasonable thing to do if you ask me.
All IMHO.

Really. It would most likley save them hundreds of millions. They get for what... £3.25 a share (£3.25 x 499,000,000 = £1.6 Billion) then the legal stuff disappears and they have all Cairns assets, which are substancial.
All IMHO.

Bid unlikely IMHO, but £3.00 to £3.50 per share would be my guess to take over cairn.
All IMHO.

https://www.investegate.co.uk/plant-health-care--phc-/rns/argentina-approves-harpin-as-a-seed-treatment/202109010700061012K/