Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Afentra continues Angolan portfolio expansion
The UK independent sees Block 3/05 as key to its growth ambitions in Angola’s maturing upstream
Farm-out chill stymies UKCS optimism
The potential of a play-opening discovery is shackled by lack of investor appetite
Israel seeks East Med investment boost
With an eye on market opportunities at home and abroad—especially Europe—Israel launches a fourth offshore bidding round, determined to expand its impressive development of Levant Basin gas
Energean maps out East Med plans
The independent is developing fields off the coasts of Israel and Egypt
Ice to launch London-based TTF market
The move will allow participants to hedge without being affected by the EU’s incoming market cap rules
Israel presses go on OBR4
Fourth offshore bid round includes 20 exploration blocks across nearly 5,900km²
Serica faces ‘aggressive’ questioning on Tailwind deal
The UK-focused producer is finding shareholders disgruntled by its latest proposed M&A
Capricorn resignations a blow to Newmed merger plans
The disputed deal is playing out in public, as Capricorn’s board and activist shareholder Palliser both issue statements and rebuttals
Kistos looks elsewhere after tax raids
The North Sea-focused producer is unimpressed by UK, Dutch and EU legislation
Capricorn prepares for February showdown
The firm’s board continues to push back against opposition among some shareholders to plans for a merger with Israeli independent New Med
Dispute over Capricorn proposed merger
Israel UK
Simon Ferrie
6 January 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Capricorn prepares for February showdown

The firm’s board continues to push back against opposition among some shareholders to plans for a merger with Israeli independent New Med

The dispute between London-listed Capricorn Energy’s board and shareholders over the proposed merger with Israel’s New Med is likely to come to a head in early February, with an extraordinary general meeting planned for the first of the month. The board expects to hold a “vote on the combination on or around the same date”. The shareholder revolt is being led by London-based fund Palliser Capital, which owns 6.96pc of Capricorn shares but claims that shareholders representing more than 40pc “disapprove of the New Med deal”. The fund called for a general meeting back in December, stating that it, “as required by the articles [of incorporation]... must take place by 30 January 2023 at the late

Also in this section
Letter from Stockholm: Lundin trial could set corporate precedent
Opinion
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
Refinery delays contribute to Abuja’s fuel challenge
21 September 2023
Nigeria’s downstream status quo changed forever with the end of fuel subsidies, but the flagship Dangote refinery has still yet to start operations
Canada’s west coast LNG projects gain momentum
20 September 2023
Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector
Hong Kong looks to LNG to cut emissions
19 September 2023
The special administrative region has introduced the fuel as part of its drive for carbon neutrality, but it will take years for imports to ramp up

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search