Genel Energy PLC: Appointment of Chief Operating Officer (885837)

 
 Genel Energy PLC (GENL) 
Genel Energy PLC: Appointment of Chief Operating Officer 
 
07-Oct-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                      7 October 2019 
 
           Genel Energy plc 
 
           Appointment of Chief Operating Officer 
 
      Genel Energy plc ('Genel' or 'the Company') is pleased to announce the 
                      appointment of Paul Weir as Chief Operating Officer. 
 
  Reporting to the Chief Executive Officer, Paul will be responsible for the 
        performance of operated and, working with our partners, non-operated 
 producing assets. He will join Genel in January 2020 from Tullow Oil, where 
                      he is currently Group Head of Operations and Safety. 
 
Paul has over 30 years of global experience in oil and gas operations. Prior 
    to Tullow Oil, he previously spent 13 years at Talisman, where he was VP 
            Production & Exploration, leading operations at block PM3 at the 
     Malaysia/Vietnam maritime border, Talisman's largest operated asset. He 
                      previously worked at Nippon Oil and Total Fina Elf. 
 
 Paul will join Genel's Executive Committee, and be a designated PDMR of the 
                      Company. 
 
                      Bill Higgs, Chief Executive of Genel, said: 
 
           "Genel is gearing up for rapid operational growth. Maximising the 
 high-margin production from the Tawke and Taq Taq PSCs remains a key focus, 
       as it provides the material cash generation that allows us to rapidly 
       recycle capital into an asset portfolio with the potential to deliver 
sustained cash flow growth. With production from Sarta also less than twelve 
   months away, I am delighted to welcome Paul to the Genel team, where I am 
      certain that his expertise will be invaluable in delivering our growth 
                      aspirations." 
 
           -ends- 
 
                      For further information, please contact: 
 
Genel Energy                          [phone] 
 
Andrew Benbow, Head of Communications 
 
Vigo Communications                   [phone] 
 
Patrick d'Ancona 
 
                      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. Genel has highly cash-generative oil production 
    from the Taq Taq and Tawke licences, with material growth potential from 
other assets in the portfolio. Genel also continues to pursue further growth 
 opportunities. For further information, please refer to www.genelenergy.com 
                      [1]. 
 
ISIN:          JE00B55Q3P39 
Category Code: MSCM 
TIDM:          GENL 
LEI Code:      549300IVCJDWC3LR8F94 
Sequence No.:  22489 
EQS News ID:   885837 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=885837&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

October 07, 2019 02:01 ET (06:01 GMT)