Capricorn (formerly Cairn), for whom Egypt’s Western Desert is now its key area of operations (see main story) in early June announced plans to merge with fellow London-based independent Tullow Oil (MEES, 3 June).
Capricorn says its “board continues to believe that the proposed merger with Tullow can deliver significant long-term value for shareholders through creating a leading, Africa-focused energy company.” (CONTINUED - 164 WORDS)
