Delivering Strategy Completed sale of 40% controlling stake in Cairn India to Vedanta Returned 3.5 billion to shareholders in February 2012 Total 4.5 billion returned to shareholders in last five years Greenland farm down to…
Cairn Focus on a Balanced Portfolio Cash, shareholding, developments, Frontier basins producing properties and cash flow Near Term Open Exploration Acreage e.g. Skarfjell e.g. Producing Asset Cyprus Spanish Appraisal…
Current Asset Base + Growth Model Pitu / Greenland / Spain / North Sea / Eastern Med Applications 1.1 billion ** Growth Strategy Current Value of CIL Cash stake on BSE 2.7 billion* 1 CIL 2 Holding 3 * Close of…
Business Strategy Area of current focus Pitu (Other Greenland blocks) Spain (5 blocks + Applications) Transformational Exploration Near-term Exploration Appraisal and Production Development CIL + Cash Agora AGM…
Acquisition of Agora Oil & Gas AS Private Norwegian company with non-operated exploration, appraisal and development assets in UK & Norwegian North Sea Strong management team with regional expertise and proven track record of value…
Skarfjell Oil Discovery April 2012 Skarfjell oil discovery for Agora at Skarfjell Titan prospect in Norwegian North Sea Skarfjell could act as a hub for stranded Gja discoveries in this part of Norwegian North Sea Skarfjell…
Greenland Leading acreage position 1/3rd UK North Sea North East (equivalent to 15 quadrants or 450 blocks) Bid Rounds 3 and 4 Round 1 entry (2007) with Exxon, Chevron and Husky Round 2 THULE Round 2 entry (2010) with Shell,…
Mediterranean Key area of focus as Cairn seeks exposure to transformational exploration in a balanced portfolio Early stages of frontier exploration in Spain Expect to participate in offshore Lebanon bid round, expected later this…