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, Gas & Consumable Fuels Industry | Energy Sector | Randall C. Neely CEO | XFRA Exchange | US12776P6060 ISIN |
| GB Country | 41 Employees | 24 Jun 2024 Last Dividend | 6 Feb 2012 Last Split | - IPO Date |
Capricorn Energy PLC is a dynamic player in the global energy sector, distinguishing itself through a focused approach on the exploration, development, production, and sale of oil and gas. With a rich heritage that dates back to 1980, the company has evolved significantly over the decades. Formerly known as Cairn Energy PLC, it embarked on a new chapter by adopting the name Capricorn Energy PLC in December 2021, symbolizing a rebranding that aligns with its strategic ambitions and growth trajectory. Operating with a strategic vision, Capricorn Energy PLC maintains a diversified portfolio of exploration, development, and production assets, with significant operations in Mexico and Egypt. As an independent energy company, it leverages its expertise and innovative approaches to navigate the complexities of the global oil and gas industry. Headquartered in Edinburgh, the United Kingdom, Capricorn Energy PLC is committed to delivering sustainable value to its stakeholders while adhering to the highest standards of operational excellence and environmental stewardship.