Capricorn Energy PLC Unsponsored ADR (CRNCY)
Capricorn Energy set for up to $50mln bonus payment from Woodside when Senegal production reaches milestone
Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) is set to receive up to $50 million of contingent payment under its previous Senegal asset sale to Woodside Petroleum in 2025. The company, in a statement, told investors that it has been notified that the Senegal assets have now had 'continuous production' for 30 days, and as such the production condition of the disposal agreement has now been met.
Capricorn Energy PLC Unsponsored ADR (CRNCY) Upgraded to Buy: Here's What You Should Know
Capricorn Energy PLC Unsponsored ADR (CRNCY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is Capricorn Energy PLC Unsponsored ADR (CRNCY) Outperforming Other Oils-Energy Stocks This Year?
Here is how Capricorn Energy PLC Unsponsored ADR (CRNCY) and Royal Vopak (VOPKY) have performed compared to their sector so far this year.
3 International Upstream Stocks to Get Excited About
Following a careful analysis of the Zacks Oil and Gas - International E&P industry, we advise buying companies like EGY, TUWOY and CRNCY.
Capricorn Energy set to receive up to $50mln by early 2025 as Sangomar starts production
Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) shares gained over 14% in Tuesday's early deals as investors eyed a bonus cash-payout, due early next year. The company told investors that it is expecting a contingent payment between $25 million and $50 million in 2025, now that the Sangomar field development, offshore Senegal, has seen its first production.
