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Statement regarding press speculation

24th Mar 2026 16:16

RNS Number : 9553X
Capricorn Energy PLC
24 March 2026
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

24 March 2026

 

Capricorn Energy PLC ("Capricorn Energy" or "the Company")

 

Statement regarding press speculation

 

Capricorn Energy notes the recent press speculation and confirms that it has received multiple proposals from Dragon Oil to acquire the Company's assets in the Western Desert. 

 

The Company has carefully considered the latest proposal and does not currently believe that it reflects the underlying value of the assets. The Board and management remain focused on maximising shareholder value.

 

The Company confirms that it has not received a proposal from Dragon Oil to acquire the Company.

 

 

Enquiries to:

 

Analysts / Investors

 

Nathan Piper, Commercial Director

Tel: 0131 475 3000

 

Media

 

Diana Milford, Corporate Affairs

Tel: 0131 475 3000

 

 

Georgia Edmonds / Violet Wilson / Fergus Young, Camarco

Tel: 0203 757 4980

 

 

 

About Capricorn Energy PLC

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore development

and production assets in the Western Desert.

 

For further information, visit www.capricornenergy.com.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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