Genel revenues slide as pipeline remains closed
26th Mar 2024 07:21
(Sharecast News) - Genel Energy reported a significant decline in revenue to $84.8m in its full-year results on Tuesday, from $401.9m in 2022, attributed in part to the average Brent oil price dropping to $82 compared to $101 year-on-year.
Read moreJefferies upgrades Genel to 'buy', lifts price target
21st Feb 2024 08:29
(Sharecast News) - Jefferies upgraded Genel to 'buy' from 'hold' on Wednesday and lifted the price target to 100p from 85p.
Read moreGenel Energy reports ramp up of production from Tawke field
16th Oct 2023 10:46
(Sharecast News) - Genel Energy announced that crude oil output from the Tawke field in Iraq's Kurdistan region was continuing to ramp up.
Read moreDirector dealings: Genel Energy non-exec linked to buy, Alpha Group risk officer sells
7th Jun 2023 12:46
(Sharecast News) - Genel Energy was on the list of director buys on Wednesday, after one of its non-executive directors was linked to the purchase of more than 0.6 million shares.
Read moreIraq-Turkey pipeline shut-in hits Genel
27th Mar 2023 10:42
(Sharecast News) - Shares in Genel Energy fell on Monday, after the oil producer confirmed that a key pipeline had been suspended.
Read moreRevenue rises as Genel Energy swings to operating profit
22nd Mar 2023 08:11
(Sharecast News) - Oil and gas explorer and producer Genel Energy reported 2022 production of 30,150 barrels of oil per day in its full-year results on Wednesday, which was a decrease from 31,710 barrels in 2021.
Read moreCanaccord slightly lowers target price on Genel Energy
18th Jan 2023 12:27
(Sharecast News) - Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180.0p to 170.0p on Wednesday following the group's trading update.
Read moreGenel Energy to impair Sarta asset after drilling results
13th Dec 2022 08:26
(Sharecast News) - Genel Energy on Tuesday said it would have to impair its Sarta asset after drilling results fell short of expectations.
Read moreGenel Energy profits grow amid oil price surge
2nd Aug 2022 07:18
(Sharecast News) - Genel Energy posted a rise in first-half profits and revenue on Tuesday as oil prices surged.
Read moreGenel Energy CEO steps down after failing to secure re-election votes
10th Jun 2022 08:30
(Sharecast News) - Oil production company Genel Energy revealed on Friday that chief executive Bill Higgs failed to receive the required 50% majority of votes in favour of re-election at the group's annual general meeting and has now agreed to step down from the role with immediate effect.
Read moreGenel Energy maintains full-year guidance after strong quarter
12th May 2022 09:39
(Sharecast News) - Genel Energy reiterated its guidance for 2022 production to reach similar levels to 2021 on Thursday, as its first quarter performance was in line with expectations.
Read moreGenel Energy's appraisal well fails to achieve 'stable and sustained' commercial flow
10th May 2022 08:46
(Sharecast News) - Oil producer Genel Energy said on Tuesday that testing of its Sarta-5 appraisal well was now complete and noted that while oil was recovered to the surface from a number of intervals, a stable and sustained commercial flow was not achieved from the primary reservoir objectives of the Mus and Adaiyah formations nor the secondary Lower Sargalu or Najmah formations.
Read moreGenel confident in outlook amid strong oil prices
15th Mar 2022 09:34
(Sharecast News) - Genel Energy reported total revenue of $334.9m (£257.21m) in its full-year results on Tuesday, up from $159.7m year-on-year.
Read moreGenel Energy updates on progress at Tawke
10th Feb 2022 10:08
(Sharecast News) - Genel Energy updated the market on licence activity at the Tawke production sharing contract on Thursday, where it has a 25% working interest with operator DNO.
Read moreCanaccord waiting for clarity from Genel Energy on 'next steps'
7th Feb 2022 09:46
(Sharecast News) - Analysts at Cannacord Genuity trimmed their target price for shares of Genel Energy ahead of what they termed an important two years as the oil explorer "refines or defines" its rationale.
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