Capricorn Energy PLC Share News (CNE)

Capricorn shares rise as Woodside announces Senegal project progress

(Alliance News) - Capricorn Energy PLC on Wednesday noted Woodside Energy Group Ltd's announcement of "another significant step forward" for its Sangomar project.

IN BRIEF: Capricorn finalises disposal of Catcher and Kraken fields

Capricorn Energy PLC - Egypt-focused upstream energy company - Enters into agreement for full and final settlement with Waldorf Production UK PLC relating to the disposal of its previously held interests in the Catcher and Kraken fields. Under revised terms, Capricorn receives payment of USD72.5 million over the next 13 months and Waldorf's 25% non-operated working interest in the Columbus gas field. Capricorn will receive a sum of USD50 million cash through an initial payment of USD48 million in December 2023, followed by USD2 million at the end of the first quarter 2024. An additional USD22.5 million will be due in early January 2025.

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday, Thursday and Friday and not separately reported by Alliance News:

Capricorn Energy full-year production to miss current forecasts

(Sharecast News) - Capricorn Energy said in a trading update on Friday that at the end of October, its working interest production across the four main concession areas in the Western Desert had averaged 30,600 barrels of oil equivalent per day (boepd), with oil accounting for 45% of total production for the year.

IN BRIEF: Capricorn Energy shares fall on Senegal tax notice

Capricorn Energy PLC - Egypt-focused upstream energy company - Says Woodside Energy Group Ltd, which purchased Capricorn's stake in the Sangomar oil field in 2020, has received a notice from the Senegalese Tax Authority. Notice states that a registration duty of USD28.2 million should have been paid upon Capricorn's transfer of its offshore Senegal production sharing contract interests, and that Woodside should have withheld USD14.5 million in real estate capital gains tax from its payment to Capricorn for those PSC interests. Capricorn is responsible for both under the terms of the sale agreement. Company insists however that neither is payable, and will "continue to vigorously defend its position on this matter". Stock price falls from 168.00 pence per share to 165.50p within minutes, before flattening.

EARNINGS AND TRADING: Chapel Down hopes to make splash on AIM

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

CORRECT (Sep 14): Capricorn Energy swings to loss as revenue declines

(Correcting to specify that Capricorn is Egypt-focused and is exiting some other areas.)

IN BRIEF: Capricorn Energy swings to pretax loss as revenue declines

Capricorn Energy PLC - Edinburgh-based upstream energy company with assets in the UK North Sea, Mexico, Suriname, Mauritania and Egypt - Reports revenue from production in the six months to June 30 fell 28% to USD98.3 million from USD137.4 million the year before, swinging to a pretax loss of USD62.2 million from a pretax profit of USD40.8 million. Explains last year's figure included a profit from discontinued operations of USD120.9 million compared with a loss of USD10.8 million this year.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET MIDDAY: Hopes of rate peak, China turnaround lift stocks

(Alliance News) - Stock prices in London were higher at midday on Monday, with market mood buoyed by news of stimulus measures in China and increasing optimism for the future of interest rates across the Atlantic.

SMALL-CAP WINNERS & LOSERS: Oil & gas stocks lifted by rising prices

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Rockhopper names ex-Cairn Energy CEO as non-executive chair

(Alliance News) - Rockhopper Exploration PLC on Wednesday appointed Simon Thomson as its new non-executive chair, effective from October 1.

TRADING UPDATES: Ithaca encouraged by K2; Safestyle profit warning

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Capricorn Energy postpones interim results on "short delay"

Capricorn Energy PLC - Edinburgh-based upstream energy company with assets in the UK North Sea, Mexico, Suriname, Mauritania and Egypt - Says it will now report its results for the first half of 2023 on September 14, due to a "short delay." Capricorn was due to publish results on September 7.