Cairn Energy pleased with portfolio progress

Oil exploration outfit Cairn Energy has said that it is pleased with the progress made this year in re-balancing the portfolio for exploration-led growth.

Oil exploration outfit Cairn Energy has said that it is pleased with the progress made this year in re-balancing the portfolio for exploration-led growth.

The firm has acquired two operated frontier exploration blocks in Morocco, with the first well targeted in the fourth quarter of 2013, subject to approval from the government of Morocco.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.