Caracal Energy

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Caracal Energy plc
Type Public limited company
Traded as LSECRCL
Industry Oil exploration and development
Founded 2008
Headquarters Calgary, Alberta
Key people Robert Hodgins (Chairman)
Gary Guidy (CEO)
Revenue £27.2 million (2013)[1]
Operating income £(84.5) million (2013)[1]
Net income £(84.2) million (2013)[1]
Website www. caracalenergy.com

Caracal Energy plc is a Canadian oil exploration and development business with operations in Chad. It was acquired by Glencore in 2014.

History[edit]

The company was formed by Brad Griffiths as Griffiths Energy International Inc in 2009. After Brad Griffiths was killed in a boating accident in 2011, the company changed its name to Caracal Energy.[2]

In 2013 the company was fined C$10.35 million after allegedly making improper payments to the wife of Chad's ambassador to Canada.[2]

In April 2014 Glencore made an offer to buy the company.[3]

Operations[edit]

The company has oil exploration and development operations in Chad.[2]

References[edit]

  1. ^ a b c "Preliminary Results for year ended 31 December 2013". Exova. Retrieved 25 June 2014. 
  2. ^ a b c "Caracal Energy to acquire Transglobe to add assets in Egypt". Retrieved 25 June 2014. 
  3. ^ "Glencore Xstrata buys Caracal Energy". Wall Street Journal. 14 April 2014. Retrieved 25 June 2014. 

External links[edit]