Question 1

How much cash offer per share did Genel Energy increase for Capricorn Energy on 25 September 2026?

Accepted Answer

On 25 September 2026, Genel Energy increased its recommended cash offer for Capricorn Energy to $5.74 per share, comprising $4.75 cash plus a $0.99 special dividend expected before completion.

Question 2

When did Genel Energy say Tawke operations would restart?

Accepted Answer

Genel Energy said Tawke operations restarted towards the end of June after drilling and well intervention resumed in April, following a suspension.

Question 3

Where does Genel Energy produce and do pre-production activities?

Accepted Answer

Genel Energy has pre-production activities in Oman and Somaliland and produces in Kurdistan, with a strategic focus on the Kurdistan Region of Iraq.

Question 4

What were Genel's Tawke PSC average production, operating costs and EBITDAX for 2025?

Accepted Answer

Genel's 2025 performance at the Tawke PSC was an average production of 17,520 barrels of oil per day, operating costs of about US$4 per barrel of oil equivalent, and EBITDAX of US$43 million for the year.

Question 5

What outstanding regulatory condition remained for the Capricorn transaction after the Egyptian Competition Authority approved it?

Accepted Answer

After the Egyptian Competition Authority approved the Capricorn transaction on 7 September 2026, Egyptian government sign-off remained the only outstanding regulatory condition.

Question 6

What did DNO have to clarify by 5pm on 4 September 2026 under the Takeover Code?

Accepted Answer

Under Takeover Code rules, DNO had to clarify its intentions by 5pm on 4 September 2026, either by announcing a firm offer or confirming it would not proceed.

Timeline

Genel Energy

Genel raises Capricorn takeover bid

Genel weighs next move after DNO gatecrashes Capricorn bid battle

Genel confirms Tawke and Peshkabir output restarted

Genel rebuffed DNO's approach as it presses on with Capricorn deal

Genel rejects unsolicited takeover approach by DNO

DNO tables cash approach for Genel Energy

Genel Energy shares climb on recommended cash deal for Capricorn

More in Oil & Gas

Panther Metals raises £2.2m through Canadian flow-through placing

Focus Xplore completes gold portfolio acquisition, repositions as North American explorer

Eco Buildings keeps new production line on schedule and budget

Mkango's HyProMag wins EU strategic project status

DCC Energy agrees Nexora sale, firms up takeover top-up payment

First Tin receives unsolicited takeover approach from Metals X

ECR Minerals finds gold nuggets at Brothers Creek

Mincon bullish as construction demand surges

Caledonia cuts 2026 gold output guidance after weak Blanket quarter

Amigo Resources pauses monthly output data as it scales Tanzania plants

Hargreaves Services wins Sizewell C treatment contract

Browse by Sector

Market reports

Energy & Resources

Financials

Technology

Healthcare

Industrials

Consumer