Half Year 2022 Financial Highlights
- Egypt H1 2022 Capricorn working interest production averaged ~35,500 boepd
- Balance sheet: Group net cash at end of H1, US$631m, comprising US$809m cash and US$178m debt
- Capital expenditure of US$82m during H1
- US$77m of earn out consideration received in H1 in relation to the sale of the UK North Sea producing assets
- Receipt of India tax refund of US$1.06bn, enabling further shareholder returns with a ~US$500m tender offer and US$25m share buyback (which completed in July)