Genel Energy Share Discussion Threads

[rangor] 09/3/2021 14:40

Good news ammu. Would be helpful to have a similar RNS from Genel

[ammu12] 09/3/2021 13:22

Oslo, 9 March 2021 – DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 42.4 million net to the Company from the Kurdistan Regional Government (KRG), of which USD 31.9 million represents DNO's entitlement share of January 2021 crude oil deliveries to the export market from the Tawke license in Kurdistan.Of the balance, USD 4.3 million is an override payment equivalent to three percent of gross January 2021 Tawke license revenues under the August 2017 receivables settlement agreement and USD 6.2 million is a payment towards the Company's arrears of USD 259.0 million relating to withheld payment of Tawke license 2019 and 2020 entitlement and override invoices.

[sbb1x] 09/3/2021 08:52

Very impressed with sparta2 flow of 10,000bpd and I'm looking forward to the next drills on sparta. If we get same flow rates it's a GAME changer for genl.Target 300 here short term.

[ammu12] 08/3/2021 16:04

Yeah just like to know how much of the owed money got paid...Rns should be tomorrow

[soho2] 08/3/2021 16:03

Was about to respond to you... then you posted that GKP got paid so our turn should be tomorrow ...

[ammu12] 08/3/2021 15:54

Yeah good news then.Back to 200 then...Results and update on divi soon

[geckotheglorious] 08/3/2021 15:50

Expect Genel to get some of its back dated arrears as well as payment..

[ammu12] 08/3/2021 15:49

Gkp got paid

[ammu12] 08/3/2021 14:38

Seems more like some sort of political issue that's holding the payment imo...KRG vs Iraq

[cyan] 08/3/2021 14:21

Its not like we are not getting paid anything at all.

I would rather we were OWED $150 million in arrears than Genl had that as extra debt. lol

Imo, We will get paid the arrears in the fullness of time . The higher POO will make that easier for the KRG.

[soho2] 08/3/2021 13:38

Precisely. "No point" in pumping more if we can't even get paid for what we have extracted already... this would have gone above £2 today with news of payment.

[cyan] 08/3/2021 12:43

A very significant RNS with circa 3,000 barrels per day added to the existing circa 33k .

Full years numbers will be ok and we have had a lot to digest already in the 19 th January update so there should not be any surprises there.

This year is going to be very different and much improved with a very substantially higher POO and increasing production.

Increasing revenues should , hopefully, enable the KRG to address the huge sum they owe Genel

With over a million barrels a month production its obvious that every dollar POO has risen will very positively impact Genels numbers going forward.

[ammu12] 08/3/2021 12:22

No payment news yet... strange considering oil price is a lot higher!!

[soho2] 08/3/2021 07:37

News of payment would certainly take this one above £2....

[kris akabusi] 08/3/2021 07:23

£2+ today peeps

[losses] 08/3/2021 07:04

Genel Energy PLC: Sarta-2 well enters production

[ammu12] 05/3/2021 11:29

How old are you ? Are you in your teens ?

[ammu12] 05/3/2021 08:57

Where is the cash?

[soho2] 05/3/2021 07:30

We will find out next week with the results...Hopefully we will also get paid !