Capricorn Energy PLC
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Randall C. Neely
- Full Time Employees
- 250
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 50 Lothian Road Edinburgh SCT United Kingdom EH3 9BY
- IPO Date
- Dec 22, 1988
- Website
- capricornenergy.com
- Similar Companies
- Business
- Capricorn Energy PLC is an independent energy company focused on the exploration, development, production and sale of oil and gas, primarily through a portfolio of onshore assets in the Egyptian Western Desert; its core operations encompass producing fields such as Badr El Din (BED) and Alam El Shawish West (AESW) targeting high-value liquids including Abu Roash G reservoirs, alongside exploration activities in concessions like North Um Baraka (NUMB), West El Fayoum (WEF) and South East Horus (SEH); the company generates revenue from oil sales at realized prices around $73 per barrel and gas at $3 per mscf, with working interest production averaging approximately 20,000 boepd comprising 43% liquids. Founded in 1980 and headquartered in Edinburgh, Scotland, Capricorn operates principally in Egypt through 50%-owned joint ventures with operator Cheiron and partner Egyptian General Petroleum Corporation (EGPC), with additional exploration exposure in the UK North Sea, MENA region, Mexico, West Africa and Latin America; it maintains a cash flow-focused strategy emphasizing low operating costs of $5-7 per boe and a strong balance sheet with group cash of $96 million. Recent developments include EGPC's May 2025 approval to consolidate eight concessions into a single integrated agreement pending parliamentary ratification later in 2025, enhancing cost recovery, profit share and contract life to potentially 2045 while unlocking up to 20 mmboe in contingent resources; the company drilled seven development wells and three exploration wells in H1 2025, added a fourth rig to accelerate liquids-focused drilling targeting 22 development wells for the year, and continues evaluating accretive M&A opportunities in the UK North Sea such as the previously announced 25% interest in the Columbus gas field and strategic partnerships in MENA.
Company News
Capricorn Energy lifts production outlook on Egypt strength amid DNO takeover war
DNO improves cash terms for Capricorn takeover bid
UK's Capricorn Energy agrees to revised terms of $396 million takeover offer from DNO
Connecting Excellence signs first acquisition deal as Spencer Riley revenue jumps 20.6%
DNO strikes recommended deal for Capricorn after Genel snub
Norway's DNO to buy UK-listed Capricorn Energy for $396 million
Nova Minerals adds former JP Morgan mining specialist as US critical metals strategy advances
Genel to buy Capricorn Energy in $360 million cash deal - UPDATE
Loyalty Economics: What investors can learn from reward-based business models
Genel to buy Capricorn Energy in $360 million cash deal
Genel to buy Capricorn Energy in $360 million cash deal
UK's Capricorn Energy says deadline for takeover offer from Saudi's Cafani unit extended
UK's Capricorn Energy says unit of Saudi's Cafani must make offer by May 6
Capricorn Energy PLC (CRNCY) Q4 2025 Earnings Call Transcript
Capricorn Energy PLC (CRNCY) Q4 2025 Earnings Call Transcript
Dimensional Fund Advisors Ltd. : Form 8.3 - CAPRICORN ENERGY PLC - Ordinary Shares
Dimensional Fund Advisors Ltd. : Form 8.3 - CAPRICORN ENERGY PLC - Ordinary Shares
Dimensional Fund Advisors Ltd. : Form 8.3 - CAPRICORN ENERGY PLC - Ordinary Shares
London-listed Capricorn Energy gets takeover proposals from unit of Saudi's Cafani Group
Capricorn Energy sees higher production on Egypt boost