Capricorn Energy plc has been granted more time for Alamadiyaf al-Masiyyah for Trading LLC to make an all cash offer for the company.
EGYPT
The company said that the extended deadline of 5pm on 6 May 2026 allowed Alamadiyaf al-Masiyyah more time for its funding arrangements.
Capricorn may also further extend the revised PUSU deadline with the approval of the Panel on Takeovers and Mergers.
The company remains in an ‘Offer Period’ and added that there was no certainty that any firm offer would be made.
Alamadiyaf al-Masiyyah, which is a member of the Cafani Group, made its initial offer on 11 March 2026 and had until for 5pm on 8 April to declare whether or not it intended to make a firm offer.
Capricorn and its joint venture partner Cheiron Energy hold four production projects, located in the Western Desert of Egypt.