Half Year 2024 Capricorn Energy PLC Earnings Call Transcript

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Sep 19, 2024

Sep 19, 2024 / 11:00AM GMT
Randy Neely - Capricorn Energy PLC - Chief Executive Officer, Executive Director

Good morning, afternoon, and thank you all for attending or listening in remotely. I am joined here today by Eddie Ok, our CFO, who will walk you through the operation and financial highlights; and Geoff Probert, our COO, who will provide a review of ongoing operations and summarize our plan to improve our production sharing contracts in Egypt. And by the way, for those listening, it's Randy Neely speaking.

Over the past 1.5 years, the new Board, myself, and the rest of the management team have made a major effort to transform the culture, priorities, and focus of Capricorn. The company has now returned over $600 million to shareholders through dividends and share buybacks. Our intention is to continue to provide returns as appropriate, including returning amounts associated with the Senegal contingent receipt expected in early 2025. The Board will also assess the company's ability to continue to buy back shares upon the completion of the current buyback program, which is about 80% complete.

With respect to

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