UK North Sea contingent payment update
In brief · summary, not quotable
Capricorn has not received $22.5m contingent payment due from Waldorf Production UK, now overdue.
- Overdue contingent payment $22.5m
Full announcement
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Capricorn announces that it has not received the final settlement payment of $22.5m from Waldorf Production UK PLC which was due today. Capricorn is considering all options to recover this overdue payment.
The longstop date under the sale and purchase agreement related to Capricorn's acquisition of a non-operated 25% interest in the Columbus field has been extended until 31 March 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.