Cairn Energy Gets Greenland Approval For First Two Disko Wells

16th Jun 2010 07:15

LONDON (Dow Jones)--Cairn Energy PLC (CNE.LN), an Edinburgh-based oil and gas exploration and production company, said Wednesday it has been notified that the Government of Greenland Cabinet has announced the formal approval for the first two wells of Cairn's 2010 planned four well exploration program in the Disko West area, offshore Western Greenland. -Shares closed Tuesday at 425.9 pence valuing the company at GBP5.96 billion. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires June 16, 2010 02:15 ET (06:15 GMT)