Member Info for maestro1

Pkumar

Those who were on registry on 15th feb will get rasp shares. I will not.

So divi 38.1p. :)

This one is hold by end of this yea this will be over 3 quid.

They purchased us steel asset for over 2bn.

Purchased in small lots, divi for anyone on register on thursday.

Company doing fine if they payin 37p in divi.

Well this is very cheap, will get $100m from senegal earn out this year.

North sea earn out can be $240m if oil averages over $80.

Current cash is equivalent to mkt cap all assets are in for free. Undervalued here.. needs to be over £3.

Good set of results, cne have some great offshore assets.

the problem is we dont know when they will spud? still awaiting permits and trying to negotiate rig.

look where the oil price is they shouldn't be messing around at least get heron 1 in production.

Ridiculous amount of time to get the ball rolling here, rig has still not been signed up.

Tell me whats a bigger crime the illegal invasion iraq war, afghanistan, syria and Libya war.

If we allowed the west to do what they want so i think russia can do what they want if it averts ww3.

How quickly EU threw russia out of swift why wasnt the same done to usa and UK?

We can call Putin whatever we want but Nato crossed a red line and whoever was president of russia would have reacted the same.
Listen to john mearsheimer and noam chomsky who are excellent scholars on this subject, john predicted this would happen.

Its faily obvious that the balance sheet is strong, oil price are strong and plenty of cash in bank.

Tomorrow should be good day.

Borderman

Suni isis? You really need to do research. The allies always align themselves with rightwing yobs of any religion and train them, when the aims are completed they throw them under the bus. Isis were not sunnis but wahabi fundamentalist. Usa also did this in 2014 in ukraine coup using nazis.

If you going to say russia is evil then you need to put your hands up and say so are we.

Power vacume? Uk and US killed hundreds of thousands especially in Baghdad. This is fact.

If you think israel is a functioning democracy i cannot help you.

What utter nonsense that uk , usa and nato did a favor in arab world.

?

50% discount to nav?

We will see tomorrow thats a big gap for a company which produces alot.

Basil

How did you get NAV at £3.30?

Gruyere

So for the next 3 years they can make up $240m extra per annum or is it one off payment..

Gruyere

Is that annually?

"Additional, uncapped contingent consideration will be payable to Cairn when Brent exceeds US$52/bbl on average in any of the five years 2021 to 2025. Assuming production is in line with Cairn forecasts, this contingent consideration is expected to generate approximately a further US$100 million at US$60/bbl Brent prices, US$175 million at US$70/bbl Brent prices, and US$240 million at US$80/bbl Brent prices."

Fairly obvious price is keeping low here as the tender offer is set and hopefully will be released tomorrow.

Cne need it to be looking attractive to shareholders.

Bordersman

You were ok with allies invading, iraq,afghanistan, syria, libya and killing hundreds of thousands.

You ok usa funding israel and saudia arabia in yemen and palestine.

The world is not flat dont show any moral grounds when we are just as bad.

CNE are undervalued big time, should be trading above £3.

Likely to hear about tender offer also tomorrow.

Anyone make sense of it

"Additional, uncapped contingent consideration will be payable to Cairn when Brent exceeds US$52/bbl on average in any of the five years 2021 to 2025. Assuming production is in line with Cairn forecasts, this contingent consideration is expected to generate approximately a further US$100 million at US$60/bbl Brent prices, US$175 million at US$70/bbl Brent prices, and US$240 million at US$80/bbl Brent prices."

it is a bit silly this one, they have close to £1bn pound in cash, (£800m (indian refund) +£100m cash in bank + £50m from northsea) they have assets most notably 36kboepd asset in Egypt which is 40% liquid, they will substantially increase liquid production this year. Egypt asset alone must be worth £500m, then they have the disposal of north sea, addition payments if oil averages more than $52 in any of the next 3 years. If it averages over $80 that's an additional $240m in revenue. Current mkt cap is £1bn, someone is having a laugh, Transglobe produce 15kboped, 66% in egypt and they are valued at £200m.

The tender offer has to be a decent premium if it is not then i think they should purchase another asset with it. Looking forward to Tuesdays for results.