Source - EQS

Genel Energy PLC (GENL)
Genel Energy PLC: Receipt of payment for KRI oil exports

01-Apr-2020 / 16:15 GMT/BST
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1 April 2020

 

Genel Energy plc

 

Receipt of payment for KRI oil exports

 

Genel Energy plc ('Genel') notes the announcement by the operator of the Tawke licence, DNO ASA, that the Tawke field partners have received $77.2 million from the Kurdistan Regional Government as payment for October 2019 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is $19 million.

 

-ends-

 

For further information, please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

+44 20 7659 5100

 

 

Vigo Communications

Patrick d'Ancona 

+44 20 7390 0230

 

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.

 



ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 56099
EQS News ID: 1013301

 
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