Capricorn Energy plc non-executive directors Erik B. Daugbjerg and Catherine Krajicek will not seek re-election at the company’s next general meeting. Both were sitting NEDs while the company underwent a change of management following the failed NewMed merger. Mr Daugbjerg and Ms Krajicek will retire immediately following the meeting on 20 June 2023. “On behalf of […]
Tag: Capricorn Energy plc
Capricorn plans fewer than 40 posts in UK
Capricorn Energy plc today said that it aimed for a “substantially reduced headcount” in the UK, allowing it to focus on its onshore oil assets in Egypt. REDUNDANCIES The news comes as the Edinburgh-based company’s new management starts a comprehensive strategic review of its business and the “several potential directions” for its future. “In the […]
Capricorn JV reports new oil discovery offshore Mexico
Capricorn Energy plc’s joint venture partner Eni reported a new discovery on the Yatzil exploration prospect in Block 7 in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. YATZIL-1 EXP In a statement, Eni said that preliminary estimates indicated that the new finding may contain around 200 million barrels of oil […]
Capricorn appoints Clare Mawdsley as acting CFO
Capricorn Energy plc has appointed Clare Mawdsley, previously director of finance, as acting chief financial officer (CFO). Current CFO James Smith is expected to leave the company soon after eight years’ service. Ms Mawdsley joined Capricorn in 2013 as a tax advisor before becoming head of tax in 2019. She had held the role of […]
Capricorn formally withdraws NewMed plans
Capricorn Energy plc today opened and immediately closed the general meeting, adjourned from 1 February, relating to the now terminated proposed transaction with NewMed Energy Ltd. The proposed resolutions were withdrawn and the meeting closed with no shareholder vote taking place.
Capricorn-NewMed cancel proposed merger
Capricorn Energy plc announced that its proposed merger with Israeli company NewMed Energy Ltd had been terminated by mutual consent. STRATEGIC REVIEW Cancellation of the plans comes less than four months after Capricorn’s previous proposals to merge with Tullow Oil also failed. Today’s news follows a strategic review of the NewMed merger plans by Capricorn’s […]