Takeover target Capricorn Energy forecast annual production above the mid-point of its 18,000 to 22,000 barrels of oil equivalent per day guidance range on Thursday, boosted by higher output from its expanded Egyptian operations.
UK-listed Capricorn Energy on Thursday agreed to revised terms of a $396 million takeover offer from Norwegian oil firm DNO.
Norwegian oil firm DNO has agreed to buy UK's Capricorn Energy for $396 million, the parties said on Tuesday, outbidding rival Genel Energy.
Oil producer Capricorn Energy said on Wednesday the deadline for Cafani Group-affiliated investment vehicle Alamadiyaf al-Masiyyah to make a formal takeover offer for the UK-based company has been extended by about a month to May 6.
Capricorn Energy PLC (CRNCY) Q4 2025 Earnings Call Transcript
Capricorn Energy PLC (CRNCY) Q4 2025 Earnings Call Transcript
Oil producer Capricorn Energy said on Wednesday it has received multiple non-binding takeover proposals from Alamadiyaf al-Masiyyah, a Cafani Group-affiliated investment vehicle, for a possible all-cash deal.
Oil producer Capricorn Energy said on Monday it expects higher production in 2026 compared with last year, supported by the expansion of its Egypt operations.
Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) announced the receipt of $50 million from the Egyptian General Petroleum Corporation, bringing total receipts to $102 million since June 2025. The company told investors that the remaining accounts receivable now stands at approximately $115 million.
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Here is how Capricorn Energy PLC Unsponsored ADR (CRNCY) and Ovintiv (OVV) have performed compared to their sector so far this year.