Slow SNE warning

LOWER initial production rates in the planned phased development of the SNE oil development offshore Senegal with a lower and longer plateau has prompted Edison to cut its net asset value assessment for operator Cairn Energy.

 Slow SNE warning  Slow SNE warning  Slow SNE warning  Slow SNE warning  Slow SNE warning
Edison lowered its valuation slightly to 195p/share after Cairn adjusted the development concept at SNE and elsewhere in the portfolio.

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