Capricorn Energy PLC

Zephyr Energy has expanded its Utah land position by adding another 2,294 acres in the Paradox Basin, bringing its total operated position to more than 72,000 gross acres. Sintana Energy is heading into a busy second half with multiple wells planned across its Namibia and Uruguay portfolio, while its Mopane resource has been upgraded 57% to 1.38 billion barrels of oil equivalent. Genel Energy has agreed to buy Capricorn Energy in a recommended cash deal valuing Capricorn at around $360 million, a 34% premium that adds Egyptian production to Genel's Kurdistan operations. Supermarket Income REIT has completed a £445 million refinancing, cutting borrowing costs and pushing out its average debt maturity to 3.8 years, with no debt maturing until June 2028.

Genel Energy, Bidco, and Capricorn Energy have agreed on terms for a recommended cash acquisition of Capricorn by Bidco, a company indirectly owned by Genel Energy. The deal values Capricorn's entire issued and to be issued ordinary share capital at approximately $360 million on a fully diluted basis. Capricorn shareholders will receive $3.75 in cash and a special dividend of $0.99 per share. The Capricorn directors intend to unanimously recommend that shareholders vote in favor of the scheme.