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Capricorn Energy PLC - Egypt-focused upstream energy company - Enters into agreement for full and final settlement with Waldorf Production UK PLC relating to the disposal of its previously held interests in the Catcher and Kraken fields. Under revised terms, Capricorn receives payment of $72.5 million over the next 13 months and Waldorf’s 25% non-operated working interest in the Columbus gas field. Capricorn will receive a sum of $50 million cash through an initial payment of $48 million in December 2023, followed by $2 million at the end of the first quarter 2024. An additional $22.5 million will be due in early January 2025. Current stock price: 149.60 pence 12-month change: down 81% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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