Genel Energy has received payments from the Kurdistan Regional Government for oil sales during August from the Tawke and Taq Taq PSCs.
Genel said its net share of the payments was $16.86m. Genel said that combined with the payment for the September override received earlier this week, this brought the total November net receipts to $23.27m. DNO ASA, as operator of the Tawke PSC, announced the receipt of $46.53 million from the KRG as payment towards August 2017 crude oil deliveries to the export market from the Tawke licence.
Genel's net share of payment is $11.63 million. The Taq Taq field partners have received a gross payment of $9.51 million from the KRG for oil sales during August 2017. Genel's net share of the payment is $5.23 million.
At 8:07am: (LON:GENL) Genel Energy PLC share price was +0.63p at 117.88p