AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price of NOK49 per share: ~12 mbbl/d in 1Q25. Re-iterating FY25 guidance – 1Q25 production was ~12 mbbl/d, including 6,841 bbl/d in Gabon, 3,661 bbl/d in Equatorial Guinea and 1,492 bbl/d in Tunisia. Production in Gabon and Equatorial Guinea was previously reported by BW Energy and Kosmos Energy. Equatorial Guinea output was temporarily impacted by unplanned downtime at the Ceiba Cluster, but operations ...
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Genel has announced its Q1 trading update, reporting steady production sold into the local market, maintaining cash while we wait for a resumption of exports. The company also continues to look at acquisitions to diversify the portfolio, with the recent Oman country entry representing a first step here.
Genel recently released its 2024 results, completed a bond refinancing, and announced the result of its KRG arbitration. The results were in line with the January trading statement, delivering positive free cash flow from domestic market sales. Genel lost the KRG arbitration process, however Genel completed a successful bond refinancing and has a substantial cash pile meaning the company continues through 2025 with flexibility and financial firepower.
Genel Energy PLC (GENL) Genel Energy PLC: Update on arbitration regarding the Bina Bawi and Miran PSCs / Recoverable Costs Award 04-Apr-2025 / 16:40 GMT/BST 4 April 2025 Genel Energy plc Update on arbitration regarding the Bina Bawi and Miran PSCs / Recoverable Costs Award Genel Energy plc (‘Genel’) announces that it has today received from the Tribunal a copy of the Final Award on Costs ordering the Genel subsidiary, Genel Energy Miran Bina Bawi Limited (‘GEMBBL’), to pay recoverable costs incurred by the Kurdistan Regional Government (“KRG”) pursuant to the LCIA Rules...
Genel Energy PLC (GENL) Genel Energy PLC: 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’) 02-Apr-2025 / 15:00 GMT/BST 2 April 2025 Genel Energy plc (the ‘Company’) 2025 Awards - Notification of Transactions by Persons Discharging Managerial Responsibilities (‘PDMRs’) Pursuant to the notification obligations under UK Market Abuse Regulations Article 19.1 the Company granted awards over its ordinary shares of 10 pence each under the 2021 Performance Share Plan (‘PSP’) on 2 April 2025 to the PDMRs set out bel...
Genel Energy PLC (GENL) Genel Energy PLC: Bond call option exercised 01-Apr-2025 / 12:33 GMT/BST 1 April 2025 Genel Energy plc Bond call option exercised Consistent with the basis for the recent placement of a new $100 million senior unsecured bond with maturity in April 2030, Genel Energy plc ('Genel' or 'the Company') has notified Nordic Trustee A.S. that the Company will call the outstanding bond amount relating to ISIN NO 0010894330 with a maturity date in October 2025 and a fixed coupon of 9.25% per annum, at a price equal to 100% of the nominal amount. The...
Genel Energy PLC (GENL) Genel Energy PLC: Report on payments to governments for the year 2024 27-March-2025 / 10:00 GMT/BST 27 March 2025 Genel Energy plc Report on payments to governments for the year 2024 Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings (‘Genel’) for the year ended 31 December 2024 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ‘DTRs’) and in accordance with our interpretation of the Industry ...
Genel Energy PLC (GENL) Genel Energy PLC: Posting of Annual Report and Notice of AGM 27-March-2025 / 10:01 GMT/BST 27 March 2025 Genel Energy plc Posting of Annual Report and Notice of AGM Genel Energy plc (‘the Company’) announces that it has today posted its Annual Report for the year ended 31 December 2024 (‘Annual Report’) to shareholders together with the Notice of the 2025 Annual General Meeting (‘AGM’) and forms of proxy. The Company will hold its AGM on Thursday, 8 May 2025. In accordance with Listing Rule 6.4.1, copies of the Company's Annual Report, the ...
Genel Energy PLC (GENL) Genel Energy PLC: Successful placement of new unsecured bonds 26-March-2025 / 14:24 GMT/BST 26 March 2025 Genel Energy plc Successful placement of new unsecured bonds Genel Energy Plc ('Genel' or ‘the Company’) has completed the private placement of USD 100 million of new five-year senior unsecured bonds with a coupon rate of 11 percent per annum. The bond placement met strong investor demand across international markets and was subscribed to by a wide range of high-quality investors. Settlement of the bond issue is expected to occ...
AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.10 per share: Significant power transaction highlights the value of the S. Africa electricity trading business – Etana Energy, the South African electricity trading business (49% held by Chariot) has arranged a US$55 mm guarantee finance facility through Standard Bank and secured an equity investment of up to US$20 mm from Norfund for working capital. In exchange, Standard Bank and Norfund will ho...
Genel has released its full year 2025 results. These were well trailed in the January trading statement, and today’s results remain in line with what has already been released. Going forward, we expect focus to remain on the resumption of KRI oil exports, which appears to be making some progress, while the recent entry into Oman will help add to the work programme, alongside the potential for more acquisitions.
Genel Energy PLC (GENL) Genel Energy PLC: Audited results for the year ended 31 December 2024 18-March-2025 / 07:00 GMT/BST .awlist1_1742239150_169063 { list-style:none; counter-set:awlistcounter1 } .awlist1_1742239150_169063 li:before { content:'1.' counter(awlistcounter1); counter-increment:awlistcounter1 } .awlist2_1742239150_169063 { list-style:none; counter-set:awlistcounter2 1 } .awlist2_1742239150_169063 li:before { content:'1.' counter(awlistcounter2); counter-increment:awlistcounter2 } .awlist3_1742239150_169063 { list-style:none; counter-set:awlistcounter3 2 } ...
Genel Energy PLC (GENL) Genel Energy PLC: Genel Energy to Hold Fixed Income Investor Meetings 18-March-2025 / 07:01 GMT/BST 18 March 2025 Genel Energy plc Genel Energy to Hold Fixed Income Investor Meetings Genel Energy Plc has engaged Pareto Securities AS as Manager and Bookrunner to arrange fixed income investor meetings. Subject to market conditions and acceptable terms, a new senior unsecured bond issue with a tenor of five years may follow. The purpose of the bond issue is to refinance the remaining outstanding senior unsecured bonds with maturity in Oct...
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.80 per share: Reserves increase showcases FY24 drilling success – YE24 2P and 3P reserves are estimated at 13.6 mmboe and 22.3 mmboe, respectively. This represents an increase of 15% and 25%, respectively vs. YE23. Adding back FY24 production of 1.3 mmboe, the 2024 activity program has added approximately 2.8 mmboe of 2P reserves and 5.3 mmboe of 3P reserves at Tapir (overall increase ...
Genel Energy PLC (GENL) Genel Energy PLC: Entry into Exploration and Production Sharing Agreement in Oman 10-March-2025 / 13:46 GMT/BST 10th March 2025 Genel Energy plc Entry into Exploration and Production Sharing Agreement in Oman Genel Energy plc (“Genel” or “the Company”) is pleased to announce the signing of agreements that will see Genel enter into Block 54 Exploration and Production Sharing Agreement in the Sultanate of Oman for a 40% participating interest, in partnering with OQ Exploration & Production SAOG (“OQEP”), who will hold a 60% participating interest...
AUCTUS PUBLICATIONS ________________________________________ Corcel (CRCL LN)C; Target price of 1.00p per share: Restarting intervention activities at Tobias field -Intervention activities will soon restart at the Tobias-13 and Tobias-14 wells on Block KON-11, aiming to re-establish production at the Tobias field. Discovered in 1961, the Tobias field initially had an estimated 94 mmbbl of oil in place. Twelve wells were drilled, with eight producers reaching peak production of 17.5 mbbl/d. The T...
Genel has released its full year 2024 trading update, confirming a year of robust production and cash flows based on discounted oil sales into the local market. The outlook is for a similar production performance in 2025 as we continue to await both a resumption of exports and potential new acquisitions to diversify the company’s portfolio.
Genel Energy PLC (GENL) Genel Energy PLC: Trading and operations update 27-Jan-2025 / 07:00 GMT/BST 27 January 2025 Genel Energy plc Trading and operations update Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in advance of the Company's full-year 2024 results, which are scheduled for release on 18 March 2025. The information contained herein has not been audited and may be subject to further review. Paul Weir, Chief Executive of Genel, said: “We start 2025 with a business that has all the building blocks necessary to gro...
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