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Capricorn Energy exceeds 2025 production targets and receives $50M from Egypt, boosting shares.
Capricorn Energy reported it is on track to exceed its 2025 production guidance, with year-to-date output averaging 19,924 barrels of oil equivalent per day.
The company received a $50 million payment from Egypt’s EGPC, bringing total collections since June to $102 million, reducing receivables to $115 million.
It expects further material payments before year-end, reaffirming its focus on Egyptian assets, including advancing Phase 2 at South East Horus and planning a new development lease at North Um Baraka.
Shares rose 10% in London on the positive update.
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Capricorn Energy supera los objetivos de producción de 2025 y recibe $ 50M de Egipto, impulsando las acciones.