GENL Genel Energy

Genel Energy PLC: Receipt of payments for KRI oil sales

Genel Energy PLC (GENL)
Genel Energy PLC: Receipt of payments for KRI oil sales

13-Feb-2023 / 07:29 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

13 February 2023

 

Genel Energy plc

 

Receipt of payments for KRI oil sales

 

Genel Energy plc ('Genel' or ‘the Company’) announces that all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during August 2022.

 

Genel’s share of those payments is as follows:

 

(all figures $ million)

Payment

Tawke

20.2

Taq Taq

2.5

Sarta

2.2

Receivable recovery

6.5

Total

31.4

 

Genel expects to receive a further $13 million in 2023 relating to historic receivables from 2020.

 

-ends-

 

For further information, please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

0

 

 

Vigo Consulting

Patrick d’Ancona 

0

 

Notes to editors:

 

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable. Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term. For further information, please refer to

 
ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 222496
EQS News ID: 1557771

 
End of Announcement EQS News Service

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13/02/2023

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