Image Source: WOWNEWS24X7
Capricorn Energy PLC reported average working interest production of 20,175 BOEPD in 2025, supported by strong operations in Egypt and renewed concession terms. The company emphasized financial discipline, cost efficiency, and shareholder value creation, positioning itself to withstand market volatility and pursue growth opportunities in the year ahead.
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Capricorn Energy PLC has released its operational and financial update for 2025, highlighting steady production and disciplined financial management. The company reported that its working interest production averaged 20,175 barrels of oil equivalent per day (BOEPD) during the year, reflecting resilience in a challenging energy market.
Key highlights of the update include:
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Production performance: The 20,175 BOEPD average underscores Capricorn’s ability to maintain stable output across its portfolio, particularly in Egypt, where operations remain the backbone of its production base.
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Financial discipline: Management emphasized continued focus on cost efficiency and shareholder value creation, supported by improved receivables arrangements with the Egyptian General Petroleum Corporation (EGPC).
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Strategic milestones: The renewal of concession terms in Egypt was a pivotal achievement, ensuring long-term operational stability and investment continuity.
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Cash flow and investment: Capricorn confirmed ongoing investments in its asset base, with plans to strengthen production capacity while maintaining financial prudence.
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Market outlook: Analysts note that Capricorn’s disciplined approach positions it well to navigate commodity price volatility and pursue growth opportunities in 2026.
The update reflects Capricorn’s commitment to operational excellence and financial resilience, reinforcing its role as a reliable mid-cap energy player.
Sources: Capricorn Energy PLC Operational Update, FT Markets Announcement, Annual Report 2025
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