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Cairn Energy Plc is an independent oil exploration and production company. Its headquarters are based in Scotland and it is listed on the London Stock Exchange. The company was founded by Bill Gammell, who remains its CEO. It rejoined the FTSE 100 Index after the September 2005 reshuffle. Image File history File links Stop_hand. ... Image File history File links Stop_hand. ... January 2006 : January - February - March - April - May - June - July - August - September - October - November - December- → 31 January 2006 (Tuesday) U.S. President George W. Bush delivers the State of the Union Address to a joint session of the U.S. Congress (the House of Representatives and the Senate). ... It has been suggested that black gold (oil) be merged into this article or section. ... Motto: Nemo me impune lacessit (English: No one provokes me with impunity) Scotlands location within Europe Scotlands location within the United Kingdom Languages English, Gaelic, Scots Capital Edinburgh Largest city Glasgow First Minister Jack McConnell Area - Total - % water Ranked 2nd UK 78,782 km² 1. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Born December 29, 1952 in Edinburgh, Bill Gammell won five caps on the wing for Scotland as a tall, rangy winger. ... The Financial Times Stock Exchange Index of 100 Leading Shares, or FTSE 100 Index (pronounced footsie), is a share index of the 100 largest companies listed on the London Stock Exchange. ...

According to their web site, the company has operations in the North Sea, and is seeking expansion in South Asia, where they currently (2005) hold material exploration and production positions in West and East India and Bangladesh. The North Sea is a sea of the Atlantic Ocean, located between the coasts of Norway and Denmark in the east, the coast of the British Isles in the west, and the German, Dutch, Belgian and French coasts in the south. ... South Asia or Southern Asia is a southern geopolitical region of the Asian continent comprising territories on and in proximity to the Indian subcontinent. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

Company Image

The company sees itself as a dynamic and entrepreneurial company that is willing to take a number of large risks which traditional risk adverse larger operates would shy away from. Cairn Energy which he felt embodies the true entrepreneurial skills that are need to do business. They see this is as a core strategy in expanding their commercial reserves by gaining as much of the ownership of a field as possible early on and then create value by through exploration. This is a risky strategy where the risks are as big as the rewards but in Cairns case they have paid off. This was especially evident at the Sangu field in Bangladesh where they decided to go it alone and drill an 8 million dollar well when their total company cash reserves were just 50 million dollars. This field though is a success now and helps provide 18% of the country's energy needs and is worth an estimated 500 million dollars now. This scenario was repeated several times in the following years in the Rava, Gujarat and Rajasthan fields.

Rajasthan

Rajasthan is Cairn's largest asset in India, located in western India. A large part of the company’s value is dependent on reserves estimates and revisions on this field has led to gains and losses in the share price depending on how favourable it was.

Rajasthan field is hoped will one day produce as much as 100,000 barrels per day. Cairn was involved in a frantic exploration and drilling stage trying to turn as much as their licensing field into development area before their license ran out in May 2005 and in India the un-developed area will revert back to the government for resale then. However, due to the size of the field and Cairn's commitment, this agreement has been revised. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

Cairn has been involved in the field for almost 10 years, initially as a small partner, with Shell. This increased to an even partner as signs of the field looked promising. Several wells were drilled during this joint ownership time with Shell that proved successful, however they were all in relatively small gas fields. Shell took this as a sign that there was little to be had from this area and put their remaining 50% up for sale. Cairn took the view that they were on the tip of a huge field in a previously unexplored area. They readily took the remaining shares and stepped up exploration. Since then it has been confirmed that there is over 1 billion barrels of oil in place with an estimated 330 million barrels recoverable. Look up shell in Wiktionary, the free dictionary. ...

Future Exploration

Cairn's new area of potential exploration is along the border of Nepal and India which has an underlying geology of that of the reverse of some of the big Canadian fields in Alberta. They hope this area will prove to be equally successful. This though is subject to the security state in that region to do the unrest in Nepal Geology (from Greek γη- (ge-, the earth) and λογος (logos, word, reason)) is the science and study of the Earth, its composition, structure, physical properties, history and the processes that shape it. ... Motto: Fortis et Liber (Latin: Strong and free) Official languages English Capital Edmonton Largest city Calgary Lieutenant-Governor Norman Kwong Premier Ralph Klein (PC) Parliamentary representation  - House seat  - Senate seats 28 6 Area Total  â€¢ Land  â€¢ Water    (% of total)  Ranked 6th (provinces and territories) 661,848 km² 642,317 km² 19...

Company Strategy

Cairn’s business strategy in the past has been to achieve value through acquiring large initial positions in potential exploration areas and then achieve value by establishing large commercial reserves through unconventional thinking, encouraging a diversity of opinion and recognizing failure as a piece of the jigsaw to success. They also seek to exploit their unique position in South Asia as one of the few companies that extensive relations with the member state’s governments and where possible to employ as many local representatives of the community as possible, there by integrating themselves even further. Their future plans sees them moving away from their jigsaw approach to business as they become sufficiently secure to hold onto their successful explorations and still carry out further exploration and development. Where previously to finance this further development required Cairn to sell off some of their assets. Reserves are banks holding of deposits in accounts with their national bank (for instance, the Federal Reserve), plus currency that is physically held by banks (vault cash). ... South Asia or Southern Asia is a southern geopolitical region of the Asian continent comprising territories on and in proximity to the Indian subcontinent. ...

References

• Presentation to The Scottish Oil Club by Dr. Mike Watts of Cairn Energy titled "Building a Business in South Asia", held in Edinburgh in November 2004.

External links

• Cairn Energy Plc (official company website)