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FOR IMMEDIATE RELEASE 24 September 2026 CAPRICORN ENERGY PLC ( " Capricorn " or " the Company " ) Half - Year Report Announcement Randy Neely , Chief Executive , Capricorn Energy PLC said : " Capricorn had a robust first half as production remained resilient , development activity progressed in line with budget and pricing supported healthy margins during the period . The ratification of the consolidated concession agreement in Egypt creates an improved framework for long - term investment , extends the life of key producing assets and supports our resource conversion funnel . Working closely with our partner and operator , Cheiron , we have progressed development plans designed to grow production and unlock value . Regular collections have allowed continued disciplined reinvestment in the asset base , delivering strong drilling results and boosting monthly production . Operational execution remains strong , with our teams and partner continuing to deliver safely and efficiently . We have also made progress in evaluating exploration and appraisal opportunities that have the potential to add reserves over time . Shareholders will also be aware that , after the period end , Genel Energy plc and DNO ASA announced firm offers to acquire the Company , both of which remain ongoing . " H1 2026 Financial and Operational Highlights Revenue in Egypt of $ 100m with a realised oil price of $ 89.5 / bbl and gas price of $ 3.4 / mscf Merged concession agreement became effective following formal parliamentary ratification on 30 March and ministerial signature on 19 May , with a 1 July 2025 operational start date Cash collections of $ 98m in Egypt Egypt receivables of $ 92m at 30 June 2026 Operating costs of $ 5.0 per boe on a working interest ( WI ) basis Balance sheet : Group cash of $ 114m at 30 June 2026 , after early repayment of the remaining debt in April Development and production capex of $ 52m ; exploration capex of $ 1m 18 development wells and two near - field exploration wells were drilled during the period , establishing new areas of thick Abu Roash Gharadig ( ARG ) reservoir , unlocking significant follow- on drilling opportunities and delivering production above expectations WI production averaged 19,337 boepd , tracking slightly above the mid - point of 2026 guidance of 18,000-22,000 boepd comprising 46 % liquids Final payment of $ 4m from Waldorf Production UK Plc ( " Waldorf " ) , including costs , received in July . H2 2026 Outlook Production performance through July and August has remained strong with excellent contributions from new wells . Continued development activity through the remainder of the year will be focused in the liquids rich Abu Roash G reservoir . Consequently , FY26 production is expected to be above the mid - point of the guidance range of 18,000-22,000 boepd