⌘K
t
Capricorn Energy PLC announced on 23 January 2025 that it received a payment of $50m from Woodside Energy. This payment was made after satisfying all terms and conditions under the sale and purchase agreement relating to the disposal of Capricorn's production sharing contract interests in Senegal.
| Date | 23 Jan 2025 |
| Time | 07:00:01 |
| Category | Corporate updates |
| ID | 3468U |
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.