⌘K
t
Capricorn Energy PLC confirmed on 24 March 2026 that it has received multiple proposals from Dragon Oil to acquire Capricorn's assets in the Western Desert. The Company also confirmed that it has not received a proposal from Dragon Oil to acquire Capricorn Energy itself.
| Date | 24 Mar 2026 |
| Time | 16:16:48 |
| Category | Corporate updates |
| ID | 9553X |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
24 March 2026
Capricorn Energy PLC ("Capricorn Energy" or "the Company")
Statement regarding press speculation
Capricorn Energy notes the recent press speculation and confirms that it has received multiple proposals from Dragon Oil to acquire the Company's assets in the Western Desert.
The Company has carefully considered the latest proposal and does not currently believe that it reflects the underlying value of the assets. The Board and management remain focused on maximising shareholder value.
The Company confirms that it has not received a proposal from Dragon Oil to acquire the Company.
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 further information, visit www.capricornenergy.com.