Capricorn Energy plc expects $50 million in January 2025 from the sale of its production sharing contract (PSC) interests in the Sangomar oil field, Senegal.
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With all the terms and conditions satisfied of the agreement, purchaser Woodside Energy has until 22 January to make the payment.
Capricorn added it remained committed to returning available proceeds of the contingent payment to its shareholders, subject to funding any disputed tax obligations.