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GENL Genel Energy Plc

94.00
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
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

Genel Energy PLC Update on Bina Bawi (3900K)

20/08/2012 3:48pm

UK Regulatory


Genel Energy (LSE:GENL)
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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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