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
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 .
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