Capricorn Energy PLC
LSE:CNE

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Capricorn Energy PLC Logo
Capricorn Energy PLC
LSE:CNE
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Price: 195 GBX 5.41% Market Closed
Market Cap: 137.6m GBX

Capricorn Energy PLC
Investor Relations

Capricorn Energy Plc engages in the exploration, development, production of oil and gas properties. The firm has explored, discovered, developed and produced oil and gas in a variety of locations globally. The firm's production, development and exploration activity is focused on Egypt, with exploration activities in the United Kingdom North Sea, West Africa and Latin America. The firm's producing fields are split over four distinct areas: The Obaiyed Area, Badr El Din (BED), North East Abu Gharadig (NEAG) and Alam El Shawish West (AESW). The portfolio also includes material potential exploration upside, as well as three newly exploration blocks South East Horus, West El Fayum and South Abu Sennan. The company operates these newly exploration concessions with a 50% working interest.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 18, 2025
AI Summary
Q2 2025

Production Guidance: Production in the first half was in line with expectations, and management reaffirmed guidance at the midpoint of 17,000–21,000 BOE per day for 2025.

Egypt PSC Progress: The company finalized improved terms for its Egyptian concession agreements, which are expected to be ratified soon, providing a catalyst for increased reserves and production.

Receivables Collection: Over $37 million has been collected since midyear with a $50 million payment due in October; management expects to collect at least $90 million in H2 and possibly more.

Cost Control: OpEx is trending higher due to currency devaluation and fixed costs against declining production, but cost controls are being emphasized.

Capital Guidance: Capital spending guidance was slightly reduced as some activity is being pushed into next year, with most development drilling planned for H2.

Reserves Upside: The new concession terms and focused development are expected to materially increase reserve life and conversion of contingent resources to reserves.

Shareholder Returns: The company has returned over $600 million to investors and remains focused on delivering value through further operational improvements and disciplined investment.

Key Financials
Production
17,000 to 21,000 BOE per day
Liquids Proportion of Production
43%
Receivables Collected (H2)
$37 million collected since midyear; $50 million payment due in October
G&A Reduction
80% reduction
Shareholder Returns
Over $600 million returned
Contingent Resources (unrisked, best estimate)
350 million barrels of oil equivalent (working interest)
Earnings Call Recording
Other Earnings Calls
2025
2023

Management

Mr. Randall C. Neely CPA, CA, CFA
CEO & Director
No Bio Available
Eddie Ok
Chief Financial Officer
No Bio Available
Mr. Geoffrey Probert B.Sc.
Chief Operating Officer
No Bio Available
Matthew Bowyer
Technical Director
No Bio Available
Paul Alan Ervine
Group Legal Director & Company Secretary
No Bio Available
Mr. David Nisbet
Head of Group Corporate Affairs
No Bio Available
Mr. Nathan Piper
Commercial Director
No Bio Available

Contacts

Address
Edinburgh
50 Lothian Road
Contacts
+441314753000.0
www.cairnenergy.com