Rollercoaster ride as Cairn Energy turns up heat.(News)

From: The Journal (Newcastle, England) | Date: October 17, 2005 | Copyright information

Byline: By Anthony Peart

Cairn Energy has been an exciting rollercoaster ride of an investment for shareholders. The Edinburgh-based company was founded by chief executive, Bill Gammell, and was first listed on December 22, 1988.

Originally, it was a small oil exploration company concentrating on the North Sea, but the board decided to change the company's focus in the mid-1990s and search for underdeveloped oil and gas assets.

Cairn settled on the...

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