Genel Energy PLC Completion of acquisition (7805Z)

TIDMGENL

RNS Number : 7805Z

Genel Energy PLC

22 September 2015

22 September 2015

Genel Energy plc

Completion of acquisition of interest in the Bina Bawi field

Genel Energy plc ('Genel') is pleased to announce that, following approval from the Kurdistan Regional Government, the acquisition of OMV's 36% operated stake in the Bina Bawi field has completed. As a result, Genel now holds an 80% operated interest in Bina Bawi.

-ends-

For further information, please contact:

 
 Genel Energy 
  Ben Monaghan, Chief Financial 
  Officer 
  Phil Corbett, Head of Investor 
  Relations 
  Andrew Benbow, Head of Public 
  Relations                         [phone] 
 
 Vigo Communications 
  Patrick d'Ancona                  [phone] 
 

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). The Company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves and resources in the Kurdistan Region of Iraq and, through its Miran and Bina Bawi gas fields, is set to be a cornerstone provider of 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

ACQUUVBRVRAKURR

(END) Dow Jones Newswires

September 22, 2015 04:30 ET (08:30 GMT)