Good news at last from Greenland for Cairn

Oil giant Cairn Energy saw its share price rise 4% after it reported encouraging results from its five well exploration drilling campaign offshore Greenland.

Oil giant Cairn Energy saw its share price rise 4% after it reported encouraging results from its five well exploration drilling campaign offshore Greenland.

The AT7-1 well on the Atammik Block in South Ungava has encountered a 113m gross interval with approximately 50m of reservoir quality sands.

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