Capricorn Energy plc has granted more time to Alamadiyaf al-Masiyyah for Trading LLC, a member of the Cafani Group, to make a cash offer for the company.
FUNDING
The fourth extension to the PUSU gives Alamadiyaf al-Masiyyah until 5pm on 29 July 2026 to announce whether or not it intends to make a firm offer.
Capricorn said that the potential purchaser “continues to progress its funding arrangements”, and that there could be no certainty that any firm offer would be made, nor as to the terms of any such firm offer.
The company holds joint venture onshore oil and gas exploration, development and production assets in the Western Desert of Egypt.