Capricorn Energy plc has engaged English and Norwegian counsel after its Columbus field partner Waldorf UK plc announced plans to restructure. ADMINISTRATION The company is awaiting the overdue final US$22.5 million settlement payment relating to the UK central North Sea asset. Capricorn today said: “Under Waldorf’s plan, certain amendments will be made to the terms […]
Tag: Columbus gas field – UK North Sea
Capricorn receives $50m from Sangomar sale
Capricorn Energy plc said it had received the $50 million payment due from Woodside Energy relating to the sale of its production sharing contract interests in the Sangomar oil field, Senegal. FOCUS The company aims to return any available proceeds of the contingent payment to its shareholders, which is subject to any disputed tax obligations […]
Capricorn commits to Egypt assets
Capricorn Energy plc remains committed to its Egypt assets as its receivables balance “increased materially” last year. SPEND In its year results, the company said it continued to progress amendments to the production sharing contract to unlock value from its assets. Chief executive Randy Neely added that in his 12 years’ experience in the country, […]