Genel Energy PLC: Receipt of payment for KRI oil exports (1013301)
April 01 2020 - 10:15AM
UK Regulatory
Genel Energy PLC (GENL)
Genel Energy PLC: Receipt of payment for KRI oil exports
01-Apr-2020 / 16:15 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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 +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7390 0230
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. 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
[1].
ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 56099
EQS News ID: 1013301
End of Announcement EQS News Service
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April 01, 2020 11:15 ET (15:15 GMT)
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