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An update from Capricorn Energy PLC ( (GB:CNE) ) is now available.
Capricorn Energy PLC has been informed by Woodside Energy that conditions have been met for the sale of its production sharing contract interests in Senegal, expecting to receive $50 million by January 2025. Capricorn plans to return proceeds from this payment to shareholders while ensuring business sustainability and flexibility for potential tax disputes.
More about Capricorn Energy PLC
Capricorn Energy PLC is a cash flow-focused energy producer with a portfolio of onshore exploration, development, and production assets located in the Egyptian Western Desert.
YTD Price Performance: 60.94%
Average Trading Volume: 68,266
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £189.7M
Find detailed analytics on CNE stock on TipRanks’ Stock Analysis page.
