Genel Energy PLC: Receipt of payments for KRI oil sales (1163863)
January 28 2021 - 1:00AM
UK Regulatory
Genel Energy PLC (GENL)
Genel Energy PLC: Receipt of payments for KRI oil sales
28-Jan-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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28 January 2021
Genel Energy plc
Receipt of payments for KRI oil sales
Genel Energy plc ('Genel' or 'the Company') announces that payments have been received from the Kurdistan Regional
Government for oil sales during December 2020.
The Tawke partners have received a gross payment of USD43.1 million, with Genel's net share of the payment being USD10.5
million.
The Sarta partners have received a gross payment of USD2.9 million, with Genel's net share of the payment being USD1.4
million.
Payment for Taq Taq is expected in coming days following a reconciliation of 2020 costs. This payment will not be
announced separately.
-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 a socially responsible oil producer listed on
the main market of the London Stock Exchange (LSE: GENL, LEI:
549300IVCJDWC3LR8F94). The Company is one of the largest
London-listed independent hydrocarbon producers, with an asset
portfolio that positions us well for a future of fewer and better
natural resources projects. Genel has low-cost and low-carbon
production from the Sarta, Taq Taq, and Tawke licences in the
Kurdistan Region of Iraq, providing financial resilience that
allows investment in growth and the payment of a material and
sustainable dividend, even at a low oil price. Genel also continues
to pursue further growth opportunities. For further information,
please refer to www.genelenergy.com.
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ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 92426
EQS News ID: 1163863
End of Announcement EQS News Service
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