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Capricorn Energy PLC ( (GB:CNE) ) just unveiled an update.
Capricorn Energy PLC, in collaboration with Cheiron Energy, has reached an initial agreement with the Egyptian General Petroleum Corporation to improve gas prices for their Western Desert concessions. This agreement, aimed at boosting investment and production, is pending approval from EGPC’s Main Board and the Egyptian Parliament.
More about Capricorn Energy PLC
Capricorn Energy PLC is a cash flow focused energy producer with a portfolio of onshore development and production assets in the Egyptian Western Desert. The company is also working towards establishing a producing position in the UK North Sea.
YTD Price Performance: -11.09%
Average Trading Volume: 46,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £176.4M
Learn more about CNE stock on TipRanks’ Stock Analysis page.