Cairn grabs an Indian tiger by the tail.

From: Financial News | Date: February 15, 2004 | Copyright information

Byline: Alice Hohler

Kevin Hart, Cairn Energy's finance director, has a lot to smile about. Last month, the oil exploration company struck black gold in India when it discovered oil reserves estimated at between 50 million and 200 million barrels. This is probably just the beginning for Cairn - the reserves may turn out to be larger and the company holds exploration licences for adjoining plots in Rajasthan where further discoveries are likely. Cairn bought the licence f...

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