Capricirn Energy plc said it did not intend to make an offer for UK North Sea-focused Deltic Energy plc after that latter agreed a £7.2 million cash sale to Neo Next+. EGYPT The Egypt-focused company had last month approached Deltic on a possible buyout. Capricorn is itself under a possible offer from Alamadiyaf al-Masiyyah for […]
Tag: Cheiron Oil and Gas Ltd
Capricorn JV to integrate Egypt concessions
Capricorn Energy plc is closer to integrating eight of its existing joint venture Egyptian Western Desert concessions into a new, single concession with improved commercial and development terms. PRODUCTION The Egyptian General Petroleum Corporation (EGPC) granted consent to the company and its partner Cheiron Oil and Gas Ltd, each holding 50%. The new concession agreement […]