Financial highlights

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)
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