7th Oct 2014 12:21
LONDON (Alliance News) - Cairn Energy PLC Tuesday said Ian Watt, a divisional manager, sold 30,000 shares at a price of GBP1.986 per share.
Following this transaction, Watt now holds 4,529 shares.
Shares were trading at 193.52 pence up 7.6% Tuesday.
The oil company earlier Tuesday said that oil has been discovered in an exploration well offshore Senegal in which it has a 40% working interest, and it thinks it may have significant potential as a standalone discovery, as well as raising the potential of the wider block.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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