SHARES in Edinburgh-based Cairn Energy have risen in value after the company announced it had struck oil for the first time off Greenland.
By The Newsroom
Published 21st Sep 2010, 12:16 BST
Updated 22nd Sep 2010, 11:31 BST
Cairn said it had found evidence of both oil and gas from drilling in Baffin Bay between Greenland and Canada, although the company stressed the find did not guarantee the presence of large reserves.
Shares in the company topped the FTSE leaders' board, valuing it at 6.1 billion.