Capricorn Energy (CNE)

Sector:

Energy Producers

Index:

FTSE Small Cap

 111.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 380.67
  • 52 Week Low: 109.20
  • Currency: UK Pounds
  • Shares Issued: 92.82m
  • Volume: 111,560
  • Market Cap: £103.77m
  • RiskGrade: 219

Capricorn Energy FY production comes in at lower end of revised guidance

By Iain Gilbert

Date: Monday 27 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Exploration and development firm Capricorn Energy said on Monday that full-year overall production had come in lower than original guidance but within its revised range of 33,000-36,000 barrels of oil per day.
Capricorn Energy stated overall annual production hit roughly 34,200 barrels of oil per day in 2022, dropping from initial guidance due to its joint venture drilling fewer development wells than originally planned and targeting oil versus higher rate, lower value gas.

Also weighing on production levels, Capricorn said its Teen gas condensate project start-up date was delayed from 2022 to 2023, while certain gas wells performed below year-end 2021 expectations.

Oil and condensate production grew 10% year-on-year and averaged approximately 14,500 bopd net to Capricorn's working interest, with about 80% of revenues being generated from oil and condensate sales in "a supportive price environment".

Gas production, on the other hand, declined 15% year-on-year to an average of 110.0m standard cubic feet per day net to the FTSE 250-listed group's working interest.

On another note, Capricorn revealed that Clare Mawdsley, who joined the group in 2013 as a tax advisor, has been named acting chief financial officer, succeeding James Smith, who will shortly be leaving the company.

As of 0840 GMT, Capricorn shares were down 1.89% at 248.60p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CNE Market Data

Currency UK Pounds
Share Price 111.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 380.67
52 Week Low 109.20
Volume 111,560
Shares Issued 92.82m
Market Cap £103.77m
RiskGrade 219

CNE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.80% above the market average62.80% above the market average62.80% above the market average62.80% above the market average62.80% above the market average
55.26% above the sector average55.26% above the sector average55.26% above the sector average55.26% above the sector average55.26% above the sector average
Price Trend
86.71% below the market average86.71% below the market average86.71% below the market average86.71% below the market average86.71% below the market average
80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average
Income Not Available
Growth
69.52% above the market average69.52% above the market average69.52% above the market average69.52% above the market average69.52% above the market average
77.36% above the sector average77.36% above the sector average77.36% above the sector average77.36% above the sector average77.36% above the sector average

CNE Dividends

  Latest Previous
  Special Special
Ex-Div 06-Oct-23 16-May-23
Paid 20-Oct-23 23-May-23
Amount 56.00p 115.00p

Trades for 21-Feb-2024

Time Volume / Share Price
12:03 3 @ 112.20p
11:56 1,063 @ 111.67p
11:43 295 @ 111.80p
11:43 429 @ 111.80p
11:43 547 @ 111.80p

CNE Key Personnel

CEO Randy Neely

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