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Capricorn Energy PLC announced it has not received a $22.5m final settlement payment due today, January 3, 2025, from Waldorf Production UK PLC. The longstop date related to Capricorn's acquisition of a non-operated 25% interest in the Columbus field has been extended until March 31, 2025.
| Date | 3 Jan 2025 |
| Time | 15:45:01 |
| Category | Miscellaneous |
| ID | 1316S |
CAPRICORN ENERGY PLC ("Capricorn" or "the Company")
UK North Sea contingent payment update
Capricorn announces that it has not received the final settlement payment of $22.5m from Waldorf Production UK PLC which was due today. Capricorn is considering all options to recover this overdue payment.
The longstop date under the sale and purchase agreement related to Capricorn's acquisition of a non-operated 25% interest in the Columbus field has been extended until 31 March 2025.
Ends
Enquiries to:
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Analysts / Investors |
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Nathan Piper, Commercial Director |
Tel: 0131 475 3000 |
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Media |
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Diana Milford, Corporate Affairs |
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Billy Clegg/ Georgia Edmonds, Camarco
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Tel: 0203 757 4980 |