On January 20, 2023, Palliser Capital announced that Institutional Shareholder Services Inc. has recommended the shareholders to vote against the proposed merger of Capricorn and NewMed Energy at the upcoming General Meeting on 1 February 2023. ISS also recommends that the shareholders to vote for all of PalliserÆs proposed board change resolutions to remove 7 incumbent directors, including the Chair and CEO, and appoint in their place 6 independent director candidates Hesham Mekawi, Chris Cox, Maria Gordon, Craig van der Laan, Richard Herbert and Tom Pitts.