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  "documentTitle": "Capricorn Energy PLC (CNE)",
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      "text": "Palliser firmly believes that the terms of the NewMed transaction fall well short of Capricorn’s intrinsic value",
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      "text": "There is no need for Capricorn to be a forced seller – if a superior transaction at fair value is not available within the immediate term, then we urge the Board to pursue our Value Optimisation Plan.",
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      "text": "We have identified significant corporate governance-related shortcomings with the NewMed transaction which appears to be self-serving for members of the Capricorn Board and management at the expense of shareholders.",
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      "text": "Palliser firmly believes that the terms of the NewMed transaction fall well short of Capricorn’s intrinsic value. ERCE report concludes fair market value is US$1,131 million (315 pence per share).",
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      "text": "(1) ERCE is an industry leading oil & gas consultancy specialising in reservoir evaluation, commercial analysis and economic assessment...",
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      "text": "A New Deal that Continues to Fall Well Short of Expectations",
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