Capricorn and Tullow announced their merger plans in June
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
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
