Cairn Energy intends to announce its preliminary results for the year to 31 December 2014 on Tuesday 10 March 2015. In advance of these results, Cairn is providing information on recent operations and guidance in respect of the Group's trading performance in 2014. This information is unaudited and is subject to further review.
Simon Thomson, Chief Executive, Cairn Energy PLC said,"Our focus in 2015 is on delivering a multi well appraisal and exploration programme in Senegal, following our success in opening up this new Atlantic Margin basin last year.
The large acreage position in Senegal offers material near term growth potential with numerous follow on prospects identified, and the Joint Venture is well positioned to benefit from the current reduction in industry costs.