Business
Statement regarding press speculation
Capricorn Energy PLC has confirmed receiving multiple acquisition proposals from Dragon Oil for its Western Desert assets, but the Board believes the latest offer does not reflect the true value of these assets and remains focused on maximizing shareholder value, clarifying that no proposal has been made to acquire the entire company. Disclaimer*
About this update from Capricorn Energy Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n\n24 March 2026\n \nCapricorn Energy PLC (\"Capricorn Energy\" or \"the Company\")\n \nStatement regarding press speculation\n \nCapricorn 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. \n \nThe 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.\n \nThe Company confirms that it has not received a proposal from Dragon Oil to acquire the Company.\n \n \nEnquiries to:\n\n\n\n\n \nAnalysts / Investors\n\n\n \n\n\n\n\nNathan Piper, Commercial Director\n\n\nTel: 0131 475 3000\n\n\n\n\n\n\n\n \n\n\n\n\nMedia\n\n\n \n\n\n\n\nDiana Milford, Corporate Affairs \n\n\nTel: 0131 475 3000\n\n\n\n\n \n\n\n \n\n\n\n\nGeorgia Edmonds / Violet Wilson / Fergus Young, Camarco\n\n\nTel: 0203 757 4980\n\n\n\n\n \n \n \nAbout Capricorn Energy PLC\nCapricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore development\nand production assets in the Western Desert.\n \nFor further information, visit www.capricornenergy.com.\n \n\n","length":4906,"tagName":"div"}]