(Alliance News) - Capricorn Energy PLC on Friday backed its full-year production guidance as it said it has received USD50 million from the Egyptian General Petroleum Corp. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Stock prices in London opened slightly higher on Friday, supported by stronger-than-expected UK retail sales data, while investors looked ahead to a slew of PMI releases and US inflation figures later in the day. Read More
(Alliance News) - Capricorn Energy PLC on Thursday saw it shares climb higher as it backed its full-year production guidance, amid a swing to an interim loss. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - European stocks moved higher in early dealings on Thursday, shaking off mixed trade in New York following a Federal Reserve rate cut and subsequent comments from Chair Jerome Powell. Read More
Capricorn Energy PLC - Egypt-focused oil and gas explorer - Says it notes judgment handed down on Tuesday on the Waldorf Production UK PLC's restructuring plan. Following a "contested hearing" in June, the High Court has refused to sanction the restructuring plan. Capricorn reiterates that it is owed USD29.5 million in liabilities by Waldorf, but says that a full recovery "remains unlikely due to Waldorf's financial position". The liabilities relate to a sale & purchase agreement from 2021, which was later amended in 2023. Capricorn says it continues to consider its position on the matter, in conjunction with its legal advisers. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - London's FTSE 100 is called to open lower on Monday, as a US credit rating downgrade keeps a lid on equity market sentiment, also keeping the dollar at bay. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
Capricorn Energy PLC - Egypt-focused oil and gas explorer - Palliser Capital (UK) Ltd buys 54,243 shares at GBP2.25 and GBP2.31, worth GBP122,987, on Tuesday and Wednesday last week. Capricorn Non-Executive Director Sachin Mistry is connected to Palliser, which had a 13% stake in Capricorn as of April 1. Read More
(Alliance News) - The following is a round-up of earnings and trading updates for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Capricorn Energy PLC - Egypt-focused oil and gas explorer - Regarding Western Desert Egyptian concession agreements, reaches initial agreement with Egyptian General Petroleum Corp, alias EGPC, which outlines terms to promote increased investment and production, including an improved gas price for incremental production and new discoveries alongside modernised commercial terms. Capricorn and its operating partner, Cheiron Energy, each hold a 50% participating interest in the Western Desert Egyptian concession agreements. Further, Capricorn confirms it is in advanced discussions with EGPC, while any agreement is still subject to approval by the main board of EGPC, and ratification by the Egyptian parliament. Read More
Capricorn Energy PLC - Egypt-focused oil and gas explorer - Says it has received a USD50 million payment from Woodside Energy Group Ltd, under the production condition of the sale and purchase agreement between the two parties. The deal was in relation to the disposal of Capricorn Energy's production sharing contract interest in Senegal. The payment had been conditional to the average Brent oil price during the first six months of production at the asset rising to over USD60 per barrel. Output had begun in June 2024 at an average Brent oil price of around USD80 per barrel. Capricorn Energy reiterates that it "remains committed to returning any available proceeds of this contingent payment to its shareholders", though the timing of this remains subject to "disputed tax obligations". Read More