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| 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% | 83.50 | 83.30 | 83.50 | 85.50 | 83.30 | 85.50 | 157,554 | 13:57:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 432.7M | -7.3M | -0.0261 | -32.15 | 234.42M |
Dow Jones received a payment from EQS/DGAP to publish this press release.
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Genel Energy PLC (GENL)
Update on Tawke PSC
26-Apr-2018 / 07:16 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
26 April 2018
Genel Energy plc
Update on Tawke PSC
Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC
(Genel 25% working interest), has today issued the following update on
licence activity.
Development of the Peshkabir field has been fast-tracked, with three new
wells. The recently completed Peshkabir-4 well will shortly undergo
production testing and the Peshkabir-5 well is drilling ahead at 2,250
meters. The Peshkabir-6 well was spudded as a development well last week and
will also explore the field's deeper Triassic formation.
On the Tawke licence, 15,000 bopd of production from two Peshkabir wells is
comingled with 90,000 bopd from the Tawke field for export through Turkey. A
new Tawke Cretaceous well was brought onstream earlier this month at more
than 5,000 bopd. Additional Tawke development wells will be drilled in 2018
following mobilisation of a fourth rig.
-ends-
For further information, please contact:
Genel Energy +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7830 9700
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. Through its Miran and Bina Bawi 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. For further information, please refer to
www.genelenergy.com [1].
ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 5464
End of Announcement EQS News Service
679421 26-Apr-2018
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=679421&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
April 26, 2018 02:17 ET (06:17 GMT)
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