Genel Energy Share Discussion Threads

[mickinvest] 09/11/2023 13:46

Daft question but when they say cover costs in Q3, are we saying breakeven and what are full monthly costs if someone has info available save me digging?

If Q4 has double production, then I presume costs will not have doubled so have we a rough idea of profit for the quarter? Tempting to add or take a safe route for possible 10% with Harbour or Serica.

[shareho1der] 09/11/2023 10:08

I am back IN

[s34icknote] 09/11/2023 10:00

So broke even in q3 and profits surging with doubled production in q4 Can see why the director bought 3 million pounds worth !

[mickinvest] 09/11/2023 08:34

More than covering costs in Q3 with output doubling in Q4.

[farrugia] 09/11/2023 08:11

Iraqi government, oil companies discuss fate of Kurdish oil exports



The statement noted that the Iraqi government delegation “acknowledged that past debts would have to be honoured and that contractual arrangements would have to be acceptable to all parties, including the Kurdistan Regional Government. APIKUR representatives reiterated that existing commercial terms must remain in place, and the existing PSCs are valid.”

[s34icknote] 09/11/2023 07:56

Covering costs !!

[warrenbuffet73] 09/11/2023 07:44

Nice RNS

Gonna be a good day

[tygarreg] 09/11/2023 06:57

hxxps://www.dno.no/en/investors/announcements/dno-reports-spike-in-third-quarter-production-and-revenues-2023-11-09/Oslo, 9 November 2023 â€" DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenue of USD 141 million, up 142 percent from the previous quarter, on higher sales of oil and gas across its portfolio. Net quarterly production totaled 37,200 barrels of oil equivalent per day (boepd), up 158 percent, with Kurdistan contributing 19,500 boepd, North Sea 14,300 boepd and West Africa the balance. Operating profit stood at USD 40 million, reversing a loss of USD 15 million in the second quarter. Net loss of USD 55 million was driven by an accounting adjustment of USD 45 million in the book value of the Kurdistan Regional Government (KRG) arrears.Following closure of the Iraq-Türkiye Pipeline last March, the Company gradually reopened the Tawke and Peshkabir fields (DNO 75 percent and Genel Energy International Ltd 25 percent) and stepped up deliveries to local trading companies in Kurdistan. Production continues to increase; so far in the fourth quarter output is averaging double the level of the third quarter.The DNO-Genel contractual entitlement, currently around one-half of volumes produced, is sold at prices that vary narrowly in the mid USD 30s per barrel, and payments are made in advance before any oil is delivered.DNO has over the last 12 months recovered around USD 15 million, including USD 8 million in October, of the accumulated KRG debt to DNO for previous oil sales in 2022 and 2023 (in excess of USD 300 million).

[warrenbuffet73] 08/11/2023 22:06

Agreed

But I think we’re missing something

I wonder if they’re selling an asset worth their market cap.

Merger with Gkp would give them more power when negotiating prices with the government

[losses] 08/11/2023 21:51

These could be 120 when pipe line opens up.. instant profit

[warrenbuffet73] 08/11/2023 21:22

Indeed

They’re in the know

Local knowledge and contacts

[warrenbuffet73] 08/11/2023 21:03

Trading and operations update on 14 November

What’s interesting is board bought. Huge amount of shares one month ago, the ‘closing period’ final deadline a month before they are allowed to buy or sell more shares.

Surely there’s good news in the update

[shareho1der] 08/11/2023 19:37

Is there any significant event on 14th November ?

[geckotheglorious] 03/11/2023 20:07

Are either Genel or GKP getting bloody PAID again yet??
Kurds/Iraqis - parasites the lot of them.

What's the backlog of payments now? 7 months in arrears? or is it 8?
It's meant to be 3. And Iraq has been paying Kurdistan for the duration the pipeline has been "closed" due to Turkish intransigence.

[maxplus2] 03/11/2023 16:48

GENL is terrible

[shareho1der] 03/11/2023 14:45

Why is there no noise here, unlike GKP

[kris akabusi] 02/11/2023 14:16

What do they know, they're Turkish. Oh, wait...

[s34icknote] 02/11/2023 13:56

Directors think otherwise

[topazfrenzy] 02/11/2023 12:47

Those Iraq assets are looking close to worthless from here ...

[s34icknote] 31/10/2023 13:12

To think the directors bought 3 Million quids worth a few weeks ago at this price