Waldorf Update
Summary by AI BETAClose X
FOR IMMEDIATE RELEASE 12 December 2025
CAPRICORN ENERGY PLC ("Capricorn" or "the Company")
Waldorf Update
Capricorn notes the announcements made by Waldorf Production UK Plc ("Waldorf") and Harbour Energy plc ("Harbour") earlier today related to the purchase of the Waldorf group by a subsidiary of Harbour ("Transaction"). Capricorn has entered into a lock-up agreement in support of the Transaction and has agreed to compromise its unsecured claims against Waldorf for a payment of around $4m to $5m, which is the subject of a methodology agreed between Capricorn and certain of Waldorf's creditors. Capricorn will also retain the right to participate in potential residual claims.
We note that completion of the Transaction is subject to various regulatory consents and is likely to require the sanction of a further restructuring plan.
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 more information, visit www.capricornenergy.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 8 hours ago Johnson Matthey
- 9 hours ago Galliford Try
- 9 hours ago Galliford Try
- 9 hours ago Centrica
- 10 hours ago Smith & Nephew