28 March 2024
Another Moroccan wildcat comes up dry
Publication date: 19 March 2014
Gas Strategies Group
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Edinburgh-based independent Cairn Energy has plugged and abandoned a second wildcat in Morocco, in further bad news for the company amid a torrid time with the drill bit in visual_editor013 that left the company reporting a pre-tax loss of $1.1 billion, up from $194 million in the previous year.