Capricorn Energy plc has secured a second extension to the possible all cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC, which is a member of the Jeddah-based Cafani Group. FUNDING The potential purchaser now has until 5pm on 3 June 2026 to announce whether or not it has a firm intention to […]
Tag: Capricorn Energy plc
Deltic in talks for three possible cash offers
Deltic Energy plc said it was in discussions on possible cash buyout offers from three separate companies. SELENE The company has been approached by Capricorn Energy plc, which is itself under a possible offer; Petrogas International E&P Coöperatief U.A., a subsidiary of Oman-based Mohammed Al Barwani LLC (MB); and private Norwegian firm Blue Concept Hld […]
Capricorn secures more time for possible offer
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 […]
Capricorn under ‘possible offer’
Capricorn Energy plc has confirmed it had “received multiple unsolicited non-binding proposals” regarding a possible, all cash offer from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company added it had evaluated the “possible offer” with its financial and legal advisers. Capricorn has also provided due diligence access to Alamadiyaf al-Masiyyah, which is a member of […]
Capricorn 2025 production exceeds guidance
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 […]
Harbour buys Waldorf assets for $170m
Harbour Energy plc has agreed to buy for $170 million (£127m) the UK North Sea assets of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration. CAPRICORN The company said that the binding share sale and purchase is expected to add 20 thousand barrels of oil equivalent per day, and 2P reserves of […]