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Sounds to me like Cairn may end up with some rather expensive Air India planes to sell off.
We should remember this would be COMPENSATION for the money the Indian Government illegally took from Cairn.
If they plead they can't afford the compensation then they should not have taken the money in the first place and let's not forget India has joined the space race so it is hardly skint!!

All IMHO.

Correction. India owe Cairn $1.7 billion dollars, not $1.3. LOL!
where I'm standing.
They have lost at least two International Arbitration hearings, VOD and CNE. Now this Devas are going after them.
As I understand it International Arbitration was created so International Investors have confidence their investment is safe from dodgey Governments. The Vodaphone and Cairn news is all over the news, no doubt all over the world. They are trashing Indias credit ratings. They are not following the very system they signed up to. Not only did they loose. They had one of their own representatives in the 3 person panel who unanimously found them guilty!! They need to get a grip, pay the money and blame the opposition as it was the opposition who were in Government when the retrospective tax law was illegally brought in. Simples. $1.7 billion would put Cairns sp up to something like £3.80 !!!!!!!!!!!!!!!!!!!!
All IMHO.

where I'm standing.
They have lost at least two International Arbitration hearings, VOD and CNE. Now this Devas are going after them.
As I understand it International Arbitration was created so International Investors have confidence their investment is safe from dodgey Governments. The Vodaphone and Cairn news is all over the news, no doubt all over the world. They are trashing Indias credit ratings. They are not following the very system they signed up to. Not only did they loose. They had one of their own representatives in the 3 person panel who unanimously found them guilty!! They need to get a grip, pay the money and blame the opposition as it was the opposition who were in Government when the retrospective tax law was illegally brought in. Simples. $1.4 billion would put Cairns sp up to something like £3.80 !!!!!!!!!!!!!!!!!!!!
All IMHO.

£6 a share is my target.

I saw the RNS's to say they are debt free so that is obviously good.
Something going on here though I think.
Other oil Co's involved presumably.
All IMHO.

Correction.
Did you know that very large buys are somtimes NOT reported (as in show up on the screen) for up to 10 days? This is so large buys, or sells don't panick people. LSE rules. However the bid will change. So the bid could go up or down with no trades shown on a particular day! The % can vary when the lead mm puts the ask up or down. This is misleading IMHO and should be banned. I mean they can up the ask so it looks like the % is far higher than reality. The only sure thing you see is the bid. That is the price you will get if you sell. Bid now up to 2.55p I see. Up 28%. Basically watch the bid price, that is the one you can be sure of.
All IMHO.

Your name gives it away.
Did you know that very large buys are somtimes reported (as in show up on the screen) for up to 10 days? The % can vary when the lead mm puts the ask up 7 down. The only sure thing you see is the bid. That is the price you will get if you sell. Bid now up to 2.55p I see. Up 28%.
All IMHO.

is massive. Some clearly think there is oil in the ground where 88E have the right to drill. Prettty obvious looking at the massive sp rise the last few days.
All IMHO.

HawkesBay.
One can only guess that the results of the last drilling tests are enough to convince some people that it was an oil discovery. Maybe not enough evidence for an official announcement.??? Arn't we due more test results soon?
All IMHO.

maybe it just erupted out of the snow?
LOL!
All IMHO.

$80 a barrel Brent looks on the cards!!

Holy smoke!! That got my attention. I wondered why the sp is up nearly 7%, at £1.55. So are we going back to the very recent £1.70?? One would think so, and more????
Simple maths will show anyone that if India pay the full amount CNE's share price would ROCKET ro more like ******£3.80*****.
All IMHO.

.

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the big rise in the price of oil. Interesting since the share consolidation I think the sp has been up nearly every day.
All IMHO.

means the big pension funds will be in here.
Back to the £1.60 it was in April in due course I fully expect.
All IMHO.

oil may really be on the cards.
I expect Brent will be over $76 in due course.......... maybe over $80.
All IMHO.

maybe on the way!
I expect Brent will be over $76 in due course.......... maybe over $80.
All IMHO.

Reports of $100 a barrel oil may not be that far fetched.
I expect Brent will be over $76 in due course.......... maybe over $80.
All IMHO.

for obvious reasons.
All IMHO.