News Oil & Gas

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 […]

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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 […]

News Oil & Gas

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 The proposed resolutions were withdrawn and the meeting closed with no shareholder vote taking place.

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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 […]

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Capricorn issues details of new board members

Capricorn Energy plc issued details of its new board members appointed at this week’s requisitioned general meeting. None of the directors currently holds shares in the company. CHRIS COX Interim chief executive officer Chris Cox has more then 40 years’ experience in the global oil and gas upstream sector. Having held various senior roles with […]

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Capricorn’s new board to review company’s future

Capricorn Energy plc’s new board appointed this week is expected to undertake a comprehensive strategic review of the business and potential directions for its future. NEW BOARD In the general meeting on 1 February, which was requisitioned by shareholder Palliser Capital Master Fund, six new members of the board were appointed each with 99.2% support. […]