Capricorn Energy NewMed Combination 2022 Investor Update

Investor update on Capricorn Energy's proposed combination with NewMed, detailing a $620m pre-completion special dividend and creation of a large UK-listed gas-focused energy company. The transaction combines approximately 2 billion barrels of oil equivalent in reserves and resources with a net zero 2040 commitment, targeting $3bn in unlevered free cash flow from 2023-27.