Capricorn Energy plc said that at least 30 days’ continuous production on the Sangomar oil field had met the production condition relating to the sale of its interest in the PSC. TAX The company was informed by operator Woodside Energy plc which began production on 10 June, offshore Senegal. Capricorn added that Woodside, as recipient […]
Tag: Capricorn Energy plc
Capricorn NED Hesham Mekawi steps down
Capricorn Energy plc independent non-executive director Hesham Mekawi has stepped down from the board, with immediate effect. Mr Mekawi joined the board in February 2023 under its then new management and appointed as deputy chairman in June of the same year. Non-executive chair Maria Gordon said: “I would like to thank Hesham for his contribution […]
Capricorn restarts share buyback
Capricorn Energy plc has restarted the US$25 million share buyback, first announced on in May 2023, of which $21m has to date been repurchased. The company said that the share buyback aimed to reduce its share capital, with the purchased shares to be held in treasury. Capricorn is authorised to purchase a maximum 10,815,854 existing […]
Capricorn notes first oil from Sangomar
Capricorn Energy plc noted the start of production from the Sangomar field development, offshore Senegal. TERMS First production satisfies the first oil condition under the sale and purchase agreement with operator Woodside Energy plc, which initially targeted first oil in late 2023. Capricorn may be entitled to a contingent payment of either $25m or $50m […]
Capricorn investors to vote on share reduction
Capricorn Energy plc shareholders will this week vote on a proposed share consolidation and a special 43p dividend of a total US$50 million. PRICE The company said that the consolidation ratio for the share consolidation would be 62 new ordinary shares for every 79 existing ordinary shares held at the record time. The nominal value of the new ordinary shares […]
Capricorn awards 400,000 share options to CFO
Capricorn Energy has awarded 400,000 nil-cost options over its ordinary shares of 735/143 pence each to its chief financial officer Eddie Ok. The grant on 8 April was made under the company’s long term incentive plan approved by shareholders in 2017. All shares were awarded at £1.75 per share, in line with those made on 2 […]