Capricorn Energy PLC (GB:CNE) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Capricorn Energy PLC has announced that the production condition for its Senegal assets sale has been met, with continuous production for over 30 days, potentially leading to an additional $25m to $50m payout based on current Brent oil prices. Woodside Energy, which acquired the assets, is challenging a tax assessment in Senegal’s High Court. Capricorn plans to distribute the proceeds from this payment to its shareholders after tax obligations are settled.
For further insights into GB:CNE stock, check out TipRanks’ Stock Analysis page.
