<

GENEL ENERGY (LON:GENL) Genel Energy PLC: Receipt of payments for KRI oil sales

Transparency directive : regulatory news

28/01/2021 08:00

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.


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 $43.1 million, with Genel's net share of the payment being $10.5 million.

 

The Sarta partners have received a gross payment of $2.9 million, with Genel's net share of the payment being $1.4 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

Andrew Benbow, Head of Communications

+44 20 7659 5100

 

 

Vigo Communications

Patrick d'Ancona 

+44 20 7390 0230

 

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.

 



ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 92426
EQS News ID: 1163863

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1163863&application_name=news&site_id=symex

GENEL ENERGY's latest news


26/03/2024 08:00
14/03/2024 08:00
24/01/2024 08:00
19/12/2023 08:00
13/12/2023 08:00
14/11/2023 08:00
09/11/2023 08:00
18/10/2023 12:00
16/10/2023 08:00
12/10/2023 08:00


Other stories

28/03/2024 03:30
28/03/2024 10:05
27/03/2024 20:43
28/03/2024 09:47
28/03/2024 10:35
28/03/2024 07:36
28/03/2024 03:30
28/03/2024 03:35
28/03/2024 08:00
28/03/2024 00:00
28/03/2024 03:30
27/03/2024 20:48
28/03/2024 06:35
27/03/2024 20:10
28/03/2024 10:12
28/03/2024 09:59
28/03/2024 06:00
28/03/2024 08:52
27/03/2024 01:33
27/03/2024 16:02
28/03/2024 09:00
27/03/2024 17:30
28/03/2024 10:24
28/03/2024 10:13
28/03/2024 02:39
28/03/2024 10:27
28/03/2024 07:00
28/03/2024 09:11
28/03/2024 03:30
28/03/2024 08:17
27/03/2024 21:46
27/03/2024 20:12
27/03/2024 23:22
26/03/2024 23:17
27/03/2024 15:35
27/03/2024 23:30
28/03/2024 02:42
27/03/2024 18:07