Capricorn Energy PLC Share News (CNE)

SMALL-CAP WINNERS & LOSERS: Galliford Try wins deal; AEW UK REIT rises

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

IN BRIEF: Capricorn Energy expects production to drop in 2024

Capricorn Energy PLC - Egypt-focused upstream energy company - On Thursday, says revenue totalled USD202 million in 2023, and provisional entitlement sales volumes were 4.4 million barrels of oil equivalent. Net cash was USD76 million, comprising USD190 million cash and USD114 million debt. Capex during the period was around USD120 million.

Capricorn reports strategic progress in 2023

(Sharecast News) - Capricorn Energy said in an update on Thursday that revenue for 2023 totalled $202m, driven by provisional entitlement sales volumes of 4.4 million barrels of oil equivalent, with 47% of those volumes coming from liquid products.

SMALL-CAP WINNERS & LOSERS: Strong festive trading for Fuller's pubs

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

Jefferies downgrades ratings for Tullow Oil and EnQuest

(Sharecast News) - Jefferies has downgraded its ratings for UK-listed oil and gas peers Tullow Oil, EnQuest, Capricorn Energy and Pharos Energy as part of its review of the sector on Thursday.

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

London close: Stocks maintain gains amid post-Christmas rally

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, buoyed by a global surge in stock prices as the S&P 500 neared an all-time high on Wall Street.

Capricorn FPSO leaves Singspore after sale to Woodside

(Sharecast News) - Capricorn Energy updated the market on Wednesday, after Woodside Petroleum announced the departure of the floating production, storage and offloading (FPSO) vessel from Singapore for the Sangomar field development, offshore Senegal.

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:

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