Genel Energy Share Discussion Threads

[ammu12] 18/3/2021 11:07

Good find cyan

[ammu12] 18/3/2021 11:06

Cheapest oily on Ftse

[sbb1x] 18/3/2021 11:04

188 paid here we go...

[cyan] 18/3/2021 10:42

I remain hopeful we can get movement towards the development of our GIGANTIC gas assets.

Genel highlight a change in the ministry;

"...we are hopeful that the confirmation of a new oil minister will also help provide the clarity that the industry requires as we work together for the benefit of all stakeholders. We look forward to working with the minister as we continue to search for a solution that will help unlock the potential of Bina Bawi, the priority of our gas strategy."

Comment later in the results

"Bina Bawi and Miran (100% working interest, operator)

Bina Bawi and Miran are assets that have the potential to generate significant shareholder value, and efforts have continued to explore a commercial solution to allow the unlocking of the material resources.

Discussions with the KRG are ongoing at the highest levels, which would enable the Company to progress to the next stage of activity."

[ammu12] 18/3/2021 10:30

Our dividend capacity is solid, despite having Sarta, Qara Dagh and Bina Bawi that all have potential to require near-term capital in the success case. The Board has approved the final dividend unchanged at 10c per share, resulting in a final dividend payment of around USD28 million. Including the earlier distributed interim dividend, this brings our total dividends for the financial year to 15c per share, a total payment of USD42 million. We continue to look to increase the dividend, with confidence in a growing reserve base and outlook cash being key to that decision.

[ammu12] 18/3/2021 10:29

Excellent numbers !!

[cyan] 18/3/2021 10:22

Good numbers considering what a difficult year 2020 was for POO.

Significant growth opportunities highlighted; for example;

"The second area of focus of our growth investment is Qara Dagh where the QD-2 well is set to be spud around the end of Q1. This well will test the commerciality of a potentially very large resource, estimated by Genel at gross mean c.400 MMbbls"

Plenty of news flow expected this year ; extract;

"...Sarta-5 and Sarta-6 will be drilled back to back, with results from the first well expected in Q3, and operations on both wells complete in Q4 2021. The campaign is targeting a material portion of the 250 MMbbls of existing contingent resources, and prospective resources, in Jurassic formations."

Confirmation of the dividend is welcome

Ex dividend 13th May 2021

Payment 14th June 2021

[sbb1x] 18/3/2021 10:13

Finally moving

[topazfrenzy] 18/3/2021 08:34

They are shaking the tree

it will end blue imo

[topazfrenzy] 18/3/2021 08:33

Added at 180

A special dividend is on the cards this year imo

[sbb1x] 18/3/2021 08:18

A few 1000s shares available at 183.... then it goes to 186

[sbb1x] 18/3/2021 07:53

Sarta field is very interesting, another 3 wells being drilled there this year.Guidance could be increased?

[ammu12] 18/3/2021 07:45

Already the only multi-licence oil producer in the Kurdistan Region of Iraq ('KRI'), the addition of Sarta provides us with a material growth opportunity going forward, as we work with Chevron to develop what could potentially be the largest field in the KRI.

[sbb1x] 18/3/2021 07:21

Key words... increase the dividend

[ammu12] 18/3/2021 07:15

Our dividend capacity is solid, despite having Sarta, Qara Dagh and Bina Bawi that all have potential to require near-term capital in the success case. The Board has approved the final dividend unchanged at 10c per share, resulting in a final dividend payment of around USD28 million. Including the earlier distributed interim dividend, this brings our total dividends for the financial year to 15c per share, a total payment of USD42 million. We continue to look to increase the dividend, with confidence in a growing reserve base and outlook cash being key to that decision.

[ammu12] 18/3/2021 07:10

recommending a final dividend of 10¢ per share (2020: 10¢ per share), a distribution of USD27.9 million

[sbb1x] 17/3/2021 16:36

Closed 182.40.Could see 190s tomorrow on good update

[sbb1x] 17/3/2021 14:34

#OOTT | #EIA weekly data#Crude stocks +2.396M vs +2.964M est#Gasoline stocks +0.472M vs -2.996M est #Distillate stocks +0.255M vs -3.379M est#Cushing stocks -0.624M vs +0.526M prev

[sbb1x] 17/3/2021 09:23

Global oil supply fell 2 mb/d in February to 91.6 mb/d after a cold snap shut in US production and Saudi Arabia made an extra cut of 1 mb/d.- IEA #oott

[sbb1x] 17/3/2021 08:15

200 tomorrow?

[sbb1x] 17/3/2021 08:02

Update tomorrow.... could see info on dividends...

[sbb1x] 16/3/2021 20:42

#API#Crude -1.000M VS Est.+2.715M#Gasoline -0.926M VS Est.-3.134M#Distillate +0.904M VS Est.-3.470M#OOTT #OIL $CL_F

[losses] 16/3/2021 18:23

Added more at 185..