REG - Capricorn Energy PLC - Senegal update

Capricorn EnergyAnnouncement

23/01/2025 07:00

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RNS Number : 3468U  Capricorn Energy PLC  23 January 2025

FOR IMMEDIATE RELEASE                                                                                                            23 January 2025

 

 

Capricorn Energy PLC ("Capricorn" or the "Company")

 

Senegal update

 

 

Capricorn has received a payment of $50m from Woodside Energy after satisfying
all terms and conditions under the sale and purchase agreement relating to the
disposal of its production sharing contract (PSC) interests in Senegal.

 

The Company remains committed to returning any available proceeds of this
contingent payment to its shareholders. The precise amount and timing of
distribution remain subject to any disputed tax obligations as outlined in our
half year results on 19 September 2024.

 

 

Ends

 

 

Enquiries to:

 Analysts / Investors
 Nathan Piper, Commercial Director                                           Tel: 0131 475 3000

 Media
 Diana Milford, Corporate Affairs                                            Tel: 0131 475 3000

 Billy Clegg / Georgia Edmonds, Camarco                                      Tel: 0203 757 4980

 

 

 

About Capricorn Energy PLC

 

Capricorn is a cash flow-focused energy producer, with an attractive portfolio
of onshore exploration, development and production assets in the Egyptian
Western Desert. For further information, visit www.capricornenergy.com
(http://www.capricornenergy.com) .

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