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Capricorn Energy PLC ( (GB:CNE) ) has shared an update.
Capricorn Energy PLC announced it has not received the final settlement payment of $22.5 million from Waldorf Production UK PLC, which was due. The company is exploring all options to recover the overdue payment. Additionally, the longstop date under the sale and purchase agreement for acquiring a non-operated 25% interest in the Columbus field has been extended to March 31, 2025. This situation may impact Capricorn’s financial operations and its strategic positioning in the North Sea energy market.
More about Capricorn Energy PLC
Capricorn Energy PLC is a company operating in the energy sector, focusing primarily on oil and gas exploration and production. The company is engaged in activities within the UK North Sea region.
YTD Price Performance: 6.14%
Average Trading Volume: 48,737
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £217.3M
For detailed information about CNE stock, go to TipRanks’ Stock Analysis page.
