Capricorn Energy PLC Senegal update

RNS Number : 3468U

Capricorn Energy PLC

23 January 2025

 

FOR IMMEDIATE RELEASE                                                                                                            23 January 2025

 

 

Capricorn Energy PLC ("Capricorn" or the "Company")

 

Senegal update

 

 

Capricorn has received a payment of $50m from Woodside Energy after satisfying all terms and conditions under the sale and purchase agreement relating to the disposal of its production sharing contract (PSC) interests in Senegal.

 

The Company remains committed to returning any available proceeds of this contingent payment to its shareholders. The precise amount and timing of distribution remain subject to any disputed tax obligations as outlined in our half year results on 19 September 2024.

 

 

Ends

 

 

Enquiries to:

Analysts / Investors
Nathan Piper, Commercial Director	Tel: [phone]
Media
Diana Milford, Corporate Affairs	Tel: [phone]
Billy Clegg / Georgia Edmonds, Camarco	Tel: [phone]

 

 

 

About Capricorn Energy PLC

 

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert. For further information, visit www.capricornenergy.com.

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