GENL Genel Energy

Genel Energy PLC: Receipt of payment for KRI oil exports

Genel Energy PLC (GENL)
Genel Energy PLC: Receipt of payment for KRI oil exports

01-Apr-2020 / 16:15 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

1 April 2020

 

Genel Energy plc

 

Receipt of payment for KRI oil exports

 

Genel Energy plc ('Genel') notes the announcement by the operator of the Tawke licence, DNO ASA, that the Tawke field partners have received $77.2 million from the Kurdistan Regional Government as payment for October 2019 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is $19 million.

 

-ends-

 

For further information, please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

0

 

 

Vigo Communications

Patrick d'Ancona 

+44 20 7390 0230

 

Notes to editors:

 

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to .

 
ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 56099
EQS News ID: 1013301

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1013301&application_name=news&site_id=research_pool
EN
01/04/2020

Underlying

GENLGenel Energy

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Genel Energy

Stephane Foucaud
  • Stephane Foucaud
EQNR EQUINOR ASA
UPL Upland Resource... ... (+22)

AUCTUS ON FRIDAY - 20.03.2026

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.19 per share: New equity raise ahead of drilling in Austria – ADX has raised A$4.4 mm new equity at A$0.027 per share. Investors will also receive one option for every two new shares, with an exercise price of A$0.0405 per share. The proceeds will fund the HOCH‑1 shallow exploration well in Austria, which is expected to spud next month. The strengthened cash position also enables well‑site prep...

EQNR EQUINOR ASA
UPL UPLAND RESOURCES
GTE GRAN TIERRA ENERGY
EGY VAALCO ENERGY INC.
GENL GENEL ENERGY
SEY STERLING ENERGY PLC
ENI ENI S.P.A.
ALVOF ALVOPETRO ENERGY LTD
SEI. SINTANA ENERGY
TRP TOWER RESOURCES PLC
VLE VALEURA ENERGY INC.
DNO DNO ASA CLASS A
MAHA A MAHA ENERGY
GKP GULF KEYSTONE PETROLEUM LTD.
FEC FRONTERA ENERGY CORP
ENOG ENERGEAN PLC
JSE JADESTONE ENERGY
CRCL CORCEL
AXL. ARROW EXPLORATION LTD
ITH ITHACA ENERGY PLC
ADX ADX ENERGY LTD
CDR CONDOR ENERGIES INC
03/20/26 March 20, 2026 1 EN
Daniel Slater
  • Daniel Slater
GENL GENEL ENERGY

Genel Energy (GENL LN) - Full year 2025 results - BUY

Genel has released its full year 2025 results, showing another year of balance sheet preservation. Production from Tawke remains ready to come back online as soon as the security situation improves, after which Genel can continue cash generative sales into the local market, with an option on participating in higher-value exports as these develop.

03/18/26 March 18, 2026 1 EN
Stephane Foucaud
  • Stephane Foucaud
GTE Gran Tierra Ene...
GPRK GEOPARK ... (+15)

AUCTUS ON FRIDAY - 30.01.2026

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.40 per share: High production on low decline at Mateguafa – The M-8 well has been brought onstream in the C9 formation (30 ft of oil pay) at 230 bbl/d gross (115 bbl/d net) on a 28/128 choke with 78% water cut. The three C7 intervals did not flow commercial hydrocarbons. The well also encountered 12 ft of net pay in the Gacheta. Although M‑8 is the smallest contributor to field output,...

GTE GRAN TIERRA ENERGY
GPRK GEOPARK
GENL GENEL ENERGY
EME EMPYREAN ENERGY
FEC FRONTERA ENERGY CORP
ENOG ENERGEAN PLC
ORC/B ORCA EXPLORATION GROUP CL B
OKEA OKEA
AXL. ARROW EXPLORATION LTD
LBE LONGBOAT ENERGY PLC
NOG NOSTRUM OIL & GAS PLC
IVZ INVICTUS ENERGY
J4V VAR ENERGI ASA
CDR CONDOR ENERGIES INC
PLSR PULSAR HELIUM INC.
01/30/26 January 30, 2026 1 EN
Daniel Slater
  • Daniel Slater
GENL GENEL ENERGY

Genel Energy (GENL LN) - Full year trading update - BUY

Genel has released its full year trading update, reporting a strong Q4 production number as Tawke got back online, alongside plans for 2026 including increased investment and continued pursuit of acquisitions.

01/27/26 January 27, 2026 1 EN
Stephane Foucaud
  • Stephane Foucaud
EQNR EQUINOR ASA
EGY Vaalco Energy I... ... (+14)

AUCTUS ON FRIDAY - 14/11/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.20 per share: A$3.5 mm funding boost ahead of busy activity programme – ADX has raised A$3.5 mm through a new equity placement at A$0.026 per share. Investors in the placement will also receive one option for every two new shares subscribed, exercisable at A$0.039 per share. The capital raise strengthens ADX’s balance sheet ahead of its 2026 work programme and effectively removes the funding ov...

EQNR EQUINOR ASA
EGY VAALCO ENERGY INC.
TXP TOUCHSTONE EXPLORATION
GENL GENEL ENERGY
SQZ SERICA ENERGY
NTOG NOSTRA TERRA OIL & GAS COMPANY
FEC FRONTERA ENERGY CORP
AOI AFRICA OIL CORP
AXL. ARROW EXPLORATION LTD
TAL PETROTAL (TAL)
RECO RECONNAISSANCE ENERGY AFRICA LTD
ADX ADX ENERGY LTD
CDR CONDOR ENERGIES INC
PLSR PULSAR HELIUM INC.
11/14/25 November 14, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch