Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) CEO Randy Neely presented at the Proactive One2One Investor Forum detailing the company's strategic shift towards asset optimisation and increased focus on its operations in Egypt.
Neely provided a detailed overview of Capricorn's transition away from global exploration and toward maximising returns from its core Egyptian assets. He emphasised that Capricorn has already returned $600 million to shareholders in the past year and continues to work closely with the Egyptian government to secure favourable production-sharing contracts.
Neely outlined the company’s ongoing efforts to optimise production and leverage tax advantages in the UK North Sea.
In addition, Neely discussed the company's commitment to shareholder returns, including a potential $50 million payout from its Senegal asset sale and upcoming payments from Waldorf Energy.
Reflecting on Capricorn’s future, Neely emphasised the need for production growth, with a target of reaching 100,000 barrels per day to ensure long-term relevance in the industry.
