Capricorn Energy plc said it was still awaiting the final US$22.5 million settlement payment relating to the Columbus field from Waldorf Production UK plc. EXTENSION The company acquired a non-operated 25% interest in the field when it sold its interests in the Catcher and Kraken fields under revised term in December 2023. After Waldorf missed […]
Tag: Waldorf Production Ltd
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 […]
Cairn shareholders approve Catcher-Kraken sale
Cairn Energy plc has received shareholder approval for the US$460 million sale of its Catcher and Kraken interests in the North Sea. The deal involves Cairn’s interest of 20% in Catcher and 29.5% in Kraken to Norwegian company Waldorf Production Ltd. The company’s shareholders voted on the proposal at a general meeting on 28 October.
Cairn to sell Catcher-Kraken interests
Cairn Energy plc has agreed to sell its North Sea interests in the Catcher and Kraken fields for US$460 million to Norwegian company Waldorf Production Ltd. GOALS The agreement includes additional contingent consideration dependent on oil prices from 2021 to the end of 2025. The sale, subject to shareholder approval, involves Cairn’s interest of 20% […]