Capricorn Energy PLC

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. » Mehr auf proactiveinvestors.co.uk

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. » Mehr auf proactiveinvestors.co.uk

Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) will acquire a stake in the North Sea's Columbus gas field under a revised deal with Waldorf Production UK PLC. Following its sale of stakes in the Catcher and Kraken fields in 2021, Capricorn will now acquire Waldorf's 25% non-operated working interest in Columbus, alongside being paid US$72.5 million. » Mehr auf proactiveinvestors.co.uk