Capricorn Energy plc’s production for 2025 exceeded guidance, due to new development wells during the second half of the year on its licences, held with operator Cheiron Energy, onshore Egypt. DEBT Results posted average working interest production of 20,175 barrels of oil equivalent per day, with 41% liquids, higher than the forecast midpoint of 19,000 […]
Tag: Badr el Din – BED – Egypt
Capricorn cuts costs by $35m
Capricorn Energy plc has reduced general and administrative costs by an initial $35 million as it continues to focus more on its assets in Egypt. DIVESTMENTS Chief executive officer Randy Neely added at today’s general meeting that the company would pursue “further meaningful cost savings.” The cost-cutting measures also extend to Capricorn’s assets outside Egypt, […]