Other Directorships - Notific

RNS Number : 5075K

Cairn Energy PLC

19 December 2008

 



 FOR IMMEDIATE RELEASE                                                                            19 December 2008 

CAIRN ENERGY PLC ('Cairn')

Other Directorships - Notification under LR 9.6.14

Cairn announces that, with effect from 19 December 2008, Jann Brown, Finance Director, Cairn Energy PLC, has replaced Norman Murray, Chairman, as a non executive director on the board of Cairn India Limited, its subsidiary whose shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.  Norman Murray will now act as alternate director for Jann Brown on the Cairn India board.

Enquiries to:

Analysts/Investors   Cairn Energy PLC David Nisbet, Group Head of Corporate Affairs	Tel: [phone]
Media   Brunswick Group LLP: Patrick Handley Camilla Gore	Tel: [phone]

Notes to Editors: 

• Cairn Energy PLC ('Cairn') is an Edinburgh-based oil and gas exploration and production company listed on the London Stock Exchange. Following the IPO of Cairn India in January 2007, there are two separate arms to the business:

• Cairn India limited ('Cairn India') is now an autonomous business listed on the Bombay Stock Exchange and the National Stock Exchange of India and has interests in a total of 14 acreage blocks in India and Sri Lanka. Cairn currently retains a 65% interest in Cairn India.

• Capricorn Energy Limited ('Capricorn'), a subsidiary of Cairn is the exploration focused arm. Capricorn now has assets in Bangladesh, Nepal, Northern India, Greenland, Tunisia, UK (West of Shetlands), Albania, and pending licence awards in Spain and Sicily.

• 'Cairn' where referred to in this release means Cairn Energy PLC and/or its subsidiaries (including Cairn India and Capricorn), as appropriate. 

• 'Cairn India' where referred to in the release means Cairn India Limited and/or its subsidiaries, as appropriate. 

• 'Capricorn' where referred to in this release means Capricorn Energy Limited and/or its subsidiaries as appropriate.

• The Group holds material exploration and production positions in west India, east India and Bangladesh along with new exploration rights in India and Nepal. 

• Cairn has focused its activities on the geographic region of South Asia, which has already resulted in a significant number of oil and gas discoveries. In particular, Cairn made a major oil discovery (Mangala) in Rajasthan in the north west of India at the beginning of 2004. Cairn has now made more than 20 discoveries in Rajasthan block RJ-ON-90/1. 

• Cairn India is headquartered in Gurgaon on the outskirts of Delhi, with operational offices in Chennai, Gujarat, Andhra Pradesh and Rajasthan. 

• Cairn Energy PLC (including Capricorn) will continue to be run from Edinburgh with operational offices in Dhaka, Chittagong and Kathmandu.

For further information on Cairn see www.cairn-energy.plc.uk   

 

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