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Cairn buys stake in Irish oil blocks
(08 May 2013, 09:37)
Cairn Energy plc on Tuesday said it had bought stakes in two Irish oil and gas blocks in a cost- and- carry deal. Cairn picked up 38 per cent stakes in Porcupine Basin pair Frontier Exploration Licence ( FEL) 2/ 04 and FEL 4/ 08 under the deal, as well as six adjacent licencing option blocks.
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