Capricorn Energy said it had received $50m from Woodside Energy after satisfying all terms and conditions under the sale and purchase agreement relating to the disposal of its production sharing contract (PSC) interests in Senegal.
The company said it was still committed to returning any available proceeds of the cash to shareholders but added that the "precise amount and timing" of distribution remained subject to any disputed tax obligations.
Reporting by Frank Prenesti for Sharecast.com
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