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GENL Genel Energy Plc

83.30
-0.50 (-0.60%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.50 -0.60% 83.30 83.80 84.40 85.20 82.50 85.20 353,603 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 432.7M -7.3M -0.0261 -32.07 233.86M

Genel Energy PLC Receipt of payment under RSA (8878V)

08/11/2017 7:45am

UK Regulatory


Genel Energy (LSE:GENL)
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TIDMGENL

RNS Number : 8878V

Genel Energy PLC

08 November 2017

8 November 2017

Genel Energy plc

Receipt of payment under Receivable Settlement Agreement

Genel Energy plc ('Genel' or 'the Company') is pleased to announce that the Company has received an override payment of $6.41 million from the Kurdistan Regional Government.

The payment represents 4.5% of Tawke gross field revenues for the month of September 2017, as per the terms of the Receivable Settlement Agreement.

An entitlement invoice for that month's export deliveries has been issued separately and will be shared pro-rata with DNO upon receipt.

-ends-

For further information please contact:

 
 Genel Energy 
  Phil Corbett, Head of 
  Investor Relations       +44 20 7659 5100 
 Andrew Benbow, Head of 
  Public Relations 
 

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

MSCLIFVDLALTIID

(END) Dow Jones Newswires

November 08, 2017 02:45 ET (07:45 GMT)

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