REG - Capricorn Energy PLC - Waldorf Update

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RNS Number : 3659L  Capricorn Energy PLC  12 December 2025

FOR IMMEDIATE RELEASE
 
              12 December 2025

 

 

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

 

 

Waldorf Update

 

 

Capricorn notes the announcements made by Waldorf Production UK Plc
("Waldorf") and Harbour Energy plc ("Harbour") earlier today related to the
purchase of the Waldorf group by a subsidiary of Harbour ("Transaction").
Capricorn has entered into a lock-up agreement in support of the Transaction
and has agreed to compromise its unsecured claims against Waldorf for a
payment of around $4m to $5m, which is the subject of a methodology agreed
between Capricorn and certain of Waldorf's creditors. Capricorn will also
retain the right to participate in potential residual claims.

 

We note that completion of the Transaction is subject to various regulatory
consents and is likely to require the sanction of a further restructuring
plan.

 

Enquiries to:

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

 Media
 Diana Milford, Corporate Affairs                                            Tel: 0131 475 3000

 Georgia Edmonds/ Violet Wilson / Fergus Young, Camarco                      Tel: 0203 757 4980

 

 

 

About Capricorn Energy PLC

 

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

 

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