Caracal Energy

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

Caracal Energy plc
TypePublic limited company
LSE: CRCL
IndustryOil exploration and development
Founded2008
HeadquartersCalgary, Alberta
Key people
Robert Hodgins (Chairman)
Gary Guidry (CEO)
Revenue£27.2 million (2013)[1]
£(84.5) million (2013)[1]
£(84.2) million (2013)[1]
Websitewww.caracalenergy.com

History

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

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

References
  1. "Preliminary Results for year ended 31 December 2013" (PDF). Exova. Retrieved 25 June 2014.
  2. "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.
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