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Tullow Oil to Buy Capricorn Energy in Deal Valued

Tullow Oil to Buy Capricorn Energy in $827 Million All-share Deal

Investors in Capricorn, formerly known as Cairn Energy, will receive 3.8068 Tullow shares for each share they hold, the companies said on June 1.

London-listed Tullow Oil to buy Capricorn in $827 mln all-share deal

Tullow Oil and Capricorn Energy agreed to merge in an all-stock deal worth 656.9 million pounds that will deliver dividends after a payout drought and improve cash flow to allow investment in higher. | June 1, 2022

Namibian miners on tenterhooks for uranium price recovery

Namibia’s finance minister said uranium miners are waiting for prices to recover before reviving projects in Africa’s biggest producer of the ore, which is needed for nuclear power in a world shifting away from fossil fuels.

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