Finance

Capricorn stock price up 13% as Senegal oilfield comes online

UK-based player could receive US$50 million from Woodside now that Sangomar field is online, while Aussie junior Far Ltd may receive US$55 million

Capricorn Energy is set to receive a contingent payment from Woodside Energy after Sangomar oilfield in Senegal comes on stream.
Capricorn Energy is set to receive a contingent payment from Woodside Energy after Sangomar oilfield in Senegal comes on stream.Photo: CAPRICORN ENERGY
Africa CorrespondentLondon
Published 11 June 2024, 09:49Updated 11 June 2024, 09:49
WoodsideSenegalSangomarFar LtdCapricorn Energy