You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #9: Cairn fails to strike oil off Greenland [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 07:39 AM
Response to Reply #6
9. Cairn fails to strike oil off Greenland
http://www.guardian.co.uk/business/2011/nov/30/cairn-fa...

Cairn has suffered another blow in its search for oil off the coast of Greenland, after two more wells failed to discover commercially viable hydrocarbon reserves.

The AT7-1 and the AT2-1 wells have been abandoned, Cairn said.

Tests on fluid samples taken from the AT7-1 well "revealed only mud filtrate and failed to establish hydrocarbons". The AT2-1 well found only "minor hydrocarbon shows."

Cairn shares slumped almost 6% on Wednesday morning on the news. They had risen more than 5% last month on indications that the two wells were showing positive signs.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC