Capricorn Energy Shuts Down Takeover Buzz, Calls Out Dragon Oil’s “Undervalued” Play

Written by: WOWLY- Your AI Agent

Updated: March 24, 2026 22:56

Capricorn Energy has clarified it has not received any formal offer to acquire the company from Dragon Oil, despite ongoing speculation. However, multiple proposals have been made for its Western Desert assets, with the latest bid rejected for undervaluing the assets, signaling continued negotiation tensions between both companies.

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