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The latest announcement is out from Capricorn Energy PLC ( (GB:CNE) ).
Capricorn Energy PLC has announced an operational and trading update ahead of its 2024 full-year results, highlighting a return to profitability and achieving the high end of production guidance. The company received a $50 million payment related to the Sangomar asset, which it plans to return to shareholders, dependent on resolving a tax dispute in Senegal. For 2025, Capricorn aims to maximize the value of its Egyptian business and expand its operations through M&A opportunities in the UK North Sea and MENA region. The company is focused on developing its Egyptian assets, with continued development and exploration drilling, and is negotiating improvements to its production sharing contracts.
More about Capricorn Energy PLC
Capricorn Energy PLC is a company focused on energy production in Egypt, possessing a portfolio of onshore exploration, development, and production assets located in the Western Desert.
YTD Price Performance: 9.04%
Average Trading Volume: 45,165
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £227.4M
For an in-depth examination of CNE stock, go to TipRanks’ Stock Analysis page.
