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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% | 85.20 | 84.00 | 85.50 | 10,036 | 08:23:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 432.7M | -7.3M | -0.0261 | -32.64 | 238.05M |
From Apr 2019 to Apr 2024
TIDMGENL
RNS Number : 9774V
Genel Energy PLC
09 November 2017
9 November 2017
Genel Energy plc
Update on Sidi Moussa licence
Genel Energy plc ('Genel' or 'the Company') has come to an agreement with the Moroccan government over the nature, scope and timing of the activity related to the remaining exploration commitment on the Sidi Moussa offshore licensed acreage.
Under the terms of the agreement, Genel's previous commitment to drill one well on the licence has been replaced by an undertaking to carry out a 3D seismic campaign across the Sidi Moussa acreage. Planning has commenced, with seismic acquisition expected to begin in 2018. The current phase of the licence has been extended until February 2020.
The 3D seismic is expected to materially de-risk the prospectivity of the Sidi Moussa licence.
In Q4 2014 a well on the licence, SM-1, proved a working hydrocarbon system, with 26 degree API oil recovered to surface.
-ends-
For further information, please contact:
Genel Energy Phil Corbett, Head of Investor Relations Andrew Benbow, Head of Public Relations +44 20 7659 5100 Vigo Communications Patrick d'Ancona +44 20 7830 9700
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. Through its Miran and Bina Bawi gas fields, the Company is positioned to be a cornerstone provider of KRI gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. 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
AGRDVLFBDFFZFBX
(END) Dow Jones Newswires
November 09, 2017 02:00 ET (07:00 GMT)
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