Capricorn expects Q4 merger progress
The proposal to combine with Tullow would create a large independent with an Africa-focused portfolio
London-listed independent Capricorn Energy expects to progress its proposed merger with fellow UK independent Tullow in the fourth quarter, but it is also assessing potential “alternative transactions”, the firm’s board confirms. “The board continues to believe that the proposed merger with Tullow can deliver significant long-term value” and create a “leading, Africa-focused energy company”, Capricorn says. The independent plans to issue documentation on the proposed merger in the fourth quarter, “ahead of a shareholder meeting”. However, Capricorn is also “assessing all options to maximise value for shareholders” by “exploring a number of expressions of interest relating to alternative tran
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind