Capricorn Energy plc’s two potential rival purchasers today said they did not intend to make an offer for the Edinburgh-based company. Samos Energy and Alamadiyaf al-Masiyyah for Trading Company Ltd had until 5pm on 11 August 2026 to announce their intentions, in accordance with the Takeover Code. Each company added that it reserved the right […]
Tag: Cheiron Energy
Capricorn sets deadline for rival offers
Capricorn Energy plc has clarified the deadline for two of its potential purchasers to make an offer for the company. INTENTIONS The Scottish company reached an agreement on 2 July 2026 on an all cash $360 million offer from Genel Energy Ltd. Prior to Genel’s offer, the first interested party Alamadiyaf al-Masiyyah had had extended […]
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 […]
Capricorn holds talks on Egypt gas price
Capricorn Energy plc said it had reached an initial agreement for an improved gas price over its concessions in the Western Desert, Egypt. ASSETS The deal with state oil company Egyptian General Petroleum Corporation (EGPC) also outlines terms to “promote increased investment and production”. An improved gas price would be for “incremental production and new discoveries alongside […]