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Stock impact report

Seacrest-backed UK oil firm about to sell 'material' stakes in fields [Reuters]

Cairn Energy Plc (CRNCY)  More Company Research Source: Reuters
NASDAQ:AMEX Investor Relations: cairnenergy.com/investors
PDF Seacrest-backed UK oil firm about to sell 'material' stakes in fields | Reuters 1 Min Read LONDON, Dec 10 (Reuters) - * Oil firm Azinor Catalyst has “received a Letter of Intent for the acquisition of material non-operated interests in three exploration wells planned for 2019 on Catalyst’s Boaz, Goose and Hinson prospects,” it said on Monday. * Azinor Catalyst, backed by private equity firm Seacrest and a candidate for a stock market listing, sold 50 percent of its Agar-Plantain oilfields in the British North Sea to Cairn Energy in June. * The three prospects it is looking to sell part of hold unrisked prospective resources of 495 million barrels of oil equivalent, Azinor said. * It did not name the prospective buyers. (Reporting by Shadia Nasralla; Editing by Mark Potter) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Seacrest-backed UK oil firm about to sell 'material' stakes in fields L [Read more]
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