Capricorn Energy plc has agreed to a third extension for a possible cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC.
DEADLINE
The company initially received “multiple unsolicited non-binding proposals” in March from Alamadiyaf al-Masiyyah, which is a member of the Saudi Arabia-based Cafani Group.
The revised PUSU deadline has now been extended to 5pm on 1 July 2026.
Capricorn said that Alamadiyaf al-Masiyyah continued to progress its funding arrangements, but there was no certainty that any firm offer would be made.
The company, which remains in an ‘offer period’, holds oil and gas joint venture licences in the Western desert, Egypt.