RE: The news is extremely good for Cairn. We have gone from5 Aug 2021 18:10
the Indian Government not paying the compensation award at all to, by the looks of it willing to pay, but excluding interest and legal costs. The costs are $500m! So two thirds of the bill very approx. CNE are not going to let them off $500 million, when a court has ordered the Indian Government to pay. I imagine they might knock off $100m for a quick payment of $1.6 Billion but no more than that. The sp is going back over £1.70 easy if you ask me, and soon. The Indian Govenment have basically admitted they were in the wrong. That is a massive change.
All IMHO.