Cairn update lifts shares

Cairn Energy showed its ability to strike oil was undiminished today by revealing that an Indian oilfield was bigger than previously thought.

Cairn update lifts shares
Thu, 17 Feb, 2005 - 12:05

Cairn Energy showed its ability to strike oil was undiminished today by revealing that an Indian oilfield was bigger than previously thought.

Shares in the Edinburgh-based company leapt 6% on news that the first well drilled to the northwest of its development site in Rajasthan had yielded “very strong” results.

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