Capricorn Energy Share Discussion Threads

[dunderheed] 18/7/2023 14:08

I just realised - wtf did it take them until 10.24 to issue this - when obviously a lot of people appeared to know this information already - looking at share price dropping - IMHO.
Because I expected the actual information in the RNS anyway - it didn't register to me when reading it - about the "late notice"?
I hasten to add I am not a holder but an interested by-stander!

[taxi1] 18/7/2023 14:02

Well
We can check tomorrow how many they purchase because there must be a lot of sellers

[controlledmadness] 18/7/2023 13:41

In addition the good news is that there should be a nice fwe shares bought by Capricorn to be cancelled at this price. So share value should eventually rise.

[controlledmadness] 18/7/2023 13:35

The question would be if the delay is for the express purpose to save the payment which would indicate some funny goings on at Woodside or thete are genuine reasons for the delay.
Nothing in the Capricorn statement says why the delay in first oil is happening.

[dunderheed] 18/7/2023 12:17

Well surely this is an example of their (previous) incompetence - why enter into an obviously non water tight time restricted agreement? I would infer "they" had no choice?
This scenario was going to happen regardless of who is in charge IMHO.
You'd have thought such an issue or risk would have been highlighted in the asset divestment process as well - so I'm sure "everyone" was aware of "it"?

[finkie] 18/7/2023 12:07

Feels like a slight overreaction to a scenario which might not be as bad as rns.

The 20-25% fall feels slightly overdone to me. But I can fully understand investors throwing in the towel as well the board are poor.

[taxi1] 18/7/2023 11:49

Well if you get rid of the previous board saying they’re incompetent you have take the the blame.

If theses are a clever bunch of individuals being run by clever hedge funds I don’t how they make money cause it’s not out of this share.

[dunderheed] 18/7/2023 11:42

Tbh you cannae blame this on current management. If the start date based upon current WIP not that different from the drop dead date, re bonus payment I'd have found reason to "not quite" make it as well.
Again I always thought such a predicament would occur anyway!

[oilinvestoral] 18/7/2023 10:38

Potential loss of Senegal contingent payment Senegal Contingent Payment Update Capricorn notes Woodside Petroleum's ("Woodside") announcement today regarding its Sangomar Field Development in Senegal where the targeted first oil has moved from late 2023 to mid-2024. Capricorn remains exposed to a contingent payment of between US$25m and US$50m if first oil is achieved in the first half of 2024 and the average Brent oil price during the first six months of production exceeds the $55/bbl or $60/bbl thresholds contained in the sale and purchase agreement. There is no payment if first oil is achieved later than H1/2024.

[p6r0] 18/7/2023 10:23

Hi Taxi1, I am at loss too as to what is driving the 10% fall in the share price today? This thread seems to have gone very quiet lately not sure where everyone has gone?

[taxi1] 18/7/2023 09:32

Any bad news today can’t find any ?

[taxi1] 17/7/2023 09:06

Should Capricorn have bought Deltic
Maybe they will ?

[anley] 04/7/2023 17:40

Could be with the 5JV Deltic licences.......

Good news for both parties if these licences are moved on.

[hsfinch] 26/6/2023 16:49

Decent rise today. You can never trust oilie insiders to not have a nibble when they get news. It feels like a buy signal. IMO something is afoot.

[suetballs] 26/6/2023 07:29

AGM statement is a bit jam tomorrow - looks like the September 7th half year results will be more informative.
And bloody well sort out the Egyptian debt where $104m is overdue! That's a serious amount of money.
Suet

[finkie] 21/6/2023 09:15

175p and I may step back in

[silverstone1] 20/6/2023 22:10

AGG, I BOUGHT A 7 FIGURE SUM AT 125P IN AUGUST 2021 PURELY FOR THE INDIAN CASH, SO AFTER THE TENDER OFFER AND SPECIAL DIVIDEND, I'M ALREADY IN PROFIT AND RUNNING MY EXISTING SHARES FOR FREE WHILST WAITING FOR FURTHER SPECIAL DIVIDENDS FROM CONTINGENCY PAYMENTS OR A TRADE SALE!

[adg] 20/6/2023 08:06

You gone bearings SILVERSTONE shouter ?

[silverstone1] 20/6/2023 07:17

IS IT NUTS NOW CNE ONLY HAVE EGYPT PLUS CONTINGENCY PAYMENTS? WHOLESALE GAS IS AN EIGHTH OF ITS PEAK PRICE AND THE EGYPT CONTRACT IS FIXED SUBSTANTIALLY LOWER THAN THE WHOLESALE PRICE!

[nigelpm] 19/6/2023 08:39

It's the same - that was my earlier point - price is nuts down here.

[adg] 18/6/2023 13:35

After the recent payout, what is the equivalent share price now compared to several months ago when it was hanging around the 250p mark? (Or is it irrelevant?) - sorry I haven’t been keeping up since February so don’t know the detail
TIA

[suetballs] 17/6/2023 04:59

Yes - confidence here smashed.
Suet

[southcbubble] 16/6/2023 22:27

With the share price falling day in day out. What the heck was wrong with the NewMed deal? When are PI's going to get an update to what is happening?