Capricorn Energy PLC (LSE:CNE)
£ 3.05 0.16 (5.72%) Market Cap: 212.49 Mil Enterprise Value: 228.85 Mil PE Ratio: 0 PB Ratio: 0.72 GF Score: 54/100

Cairn Energy PLC to Discuss Sale of Senegal Interests to LUKOIL and Planned Special Dividend Call Transcript

Jul 27, 2020 / 08:00AM GMT
Release Date Price: £6.34 (+6.27%)
Operator

Welcome to the Cairn Energy call. (Operator Instructions) Just to remind you, this conference call is being recorded. Today, I'm pleased to present Simon Thomson, CEO; and James Smith,

CFO. Please begin your meeting.

Simon John Thomson
Cairn Energy PLC - CEO & Executive Director

Thank you. Good morning, everybody, and thanks for joining the call at such short notice. I'm Simon Thomson, CEO, and I've got James Smith here with me. I'd like to say a few words on the planned sale of our Senegal asset announced this morning and following that, we'd be very happy to take any questions.

As you know, Cairn has a long-standing track record of active portfolio management and of returning capital to shareholders. And as a management team, we're continually assessing the balance of risks within the portfolio as well as seeking to retain appropriate financial flexibility through the cycle. This ensures we remain in strategic control of our capital allocation decisions, whatever the external environment. And the transaction today allows us to deliver

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