Capricorn Energy plc has to date bought 6,023,127 ordinary shares for cancellation for £15,412,453.41 including costs, under its May 2023 repurchase programme. The figure includes yesterday’s purchase of 16,852 shares each at a weighted average price of 124.32p. Following cancellation of the 16,852 shares, Capricorn will have 92,999,643 ordinary shares in issue, each with voting rights. […]
Tag: Capricorn Energy plc
FPSO arrives at Sangomar oil field
Capricorn Energy plc said that the floating production storage and offloading (FPSO) facility had arrived for the Sangomar oil field development, offshore Senegal. TAX The FPSO set sail from Singapore in December 2023 while operator Woodside Energy plc still targets first production for mid-2024. Capricorn added it maintained it owned no registration duty after it […]
Capricorn appoints COO and CFO
Capricorn Energy plc has appointed Geoff Probert as chief operating officer and Edward Ok as chief financial officer. The company said in its pre-close report that both brought “deep industry experience and strong relationships in Egypt, coupled with strategic, financial and operational leadership.” Capricorn is due to publish its full 2023 results on 14 March.
Capricorn agrees Catcher-Kraken sale payments
Capricorn Energy plc has agreed the final settlement of payment terms from the sale of its previous assets in the Catcher and Kraken fields to Waldorf Production UK plc. CASH FLOWS Under revised terms, Capricorn will now receive $72.5 million over the next 13 months and Waldorf’s 25% non-operated working interest in the Columbus gas […]
Deltic relinquishes Cadence licence
Deltic Energy plc has been refused more time to find a new partner to develop licence P2567, Cadence, in the southern North Sea. CADENCE-CUPERTINO In July, the company said it planned to retain P2567 and P2428 (Cupertino) subject to the North Sea Transition Authority granting more time to find a new partner after Capricorn Energy […]
Capricorn receives tax notice for Sangomar sale
Capricorn Energy plc said it would defend its position against tax notice relating to a product sharing contract over the Sangomar oil field, offshore Senegal. TRANSFER In 2020 Woodside Energy acquired the entire interest in the project belonging to the company, then known as Cairn Energy. Woodside received notice from the Senegalese Tax Authority that […]