Cairn has a 50% stake and it is the operator of the venture, AIM quoted San Leon and Serica Energy are also partners owning 14.1667% and 8.333% respectively, while Toronto listed Longreach (CVE:LOI) has a 2.5% interest.

The manager of the AXA Framlington UK Select Opportunities fund says investors do not even need to hold US-based companies to take advantage of the country's move towards energy independence. By Jenna ... "Within the AXA Framlington UK Select ...

In his bi-annual Thomas Report, the head of the �3.62 billion AXA Framlington UK Select Opportunities fund continued to develop the theme of US shale energy, the subject of his previous report. But he also touched on some of the secondary changes ...

BP Plc has linked up with Serica Energy Plc, taking a 30 percent interest in its Luderitz basin licence, and has a 45 percent share in Chariot's Nimrod prospect.

Many UK-listed oil and gas companies are expected to be part of the pick-up wave. Serica Energy (SQZ) is expecting its first gas in mid-2015 on the Columbus field, while Xcite Energy (XEL) flowed 149,000 barrels of oil which were sold to a major ...

Broker UBS has applauded Cairn Energy's (LON:CNE) latest exploration deal as well as repeating its 'buy' recommendation and 325 pence a share price target (current price 280 pence).

Cairn Energy's (LON:CNE) signing of a rig contract is another signal of the growing momentum in this emerging oil frontier.