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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Genel Energy Plc | LSE:GENL | London | Ordinary Share | JE00B55Q3P39 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 94.00 | 93.80 | 94.30 | 95.00 | 93.50 | 95.00 | 234,690 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 84.8M | -5.6M | -0.0200 | -47.15 | 263.48M |
TIDMGENL
RNS Number : 3900K
Genel Energy PLC
20 August 2012
20 August 2012
Genel Energy plc
Update on Bina Bawi
On 6 August 2012, Genel Energy plc ("Genel Energy") announced that it intended to acquire an additional 21 per cent interest in the Bina Bawi exploration licence from Hawler Energy Ltd (the "Acquisition").
Genel Energy today announces that the Kurdistan Regional Government Oil and Gas Council has approved the Acquisition and that accordingly, the Acquisition has completed.
The Acquisition is in addition to the Company's acquisition of an initial 23 per cent interest in the Bina Bawi block, which completed on 3 August 2012. Consequently, Genel Energy now holds a 44 per cent working interest in the Bina Bawi block.
-ends-
For further information, please contact:
Genel Energy Julian Metherell, Chief Financial Officer Natalie Fortescue, Investor Relations +44 20 7659 5100 M: Communications Patrick d'Ancona Andrew Benbow +44 20 7920 2330
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). The company, with headquarters in London and additional offices in Ankara and Erbil, is the largest oil producer and the largest holder of reserves in the Kurdistan Region of Iraq. For further information, please refer to www.genelenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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