Canaccord 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.
Read moreGenel cash flow strong after oil price rebound
18th Jan 2022 07:29
(Sharecast News) - Genel Energy reported 2021 cash proceeds of $281m from the Kurdistan Regional Government in a trading update on Tuesday, up from $173m in 2020.
Read moreGenel suspends drilling at Qara Dagh well
4th Jan 2022 07:51
(Sharecast News) - Genel Energy has suspended drilling operations at the QD-2 well of the Qara Dagh oil project in the Iraqi Kurdistan, due to "insurmountable technical problems", the company said on Tuesday.
Read moreGenel Energy to file for compensation after Kurdistan Regional Government terminates PSCs
10th Dec 2021 08:23
(Sharecast News) - Oil producer Genel Energy issued an update on the Bina Bawi and Miran production sharing contracts on Friday, stating it would file for compensation after receiving formal notices purporting to terminate the contracts from the Kurdistan Regional Government.
Read moreDirector dealings: Genel Energy CEO makes share sale
9th Nov 2021 15:47
(Sharecast News) - Genel Energy revealed on Tuesday that chief executive Bill Higgs had disposed of 240,061 ordinary shares in the London-listed exploration and production firm.
Read moreGenel hikes interim payout but guides lower on full-year oil production
4th Nov 2021 08:32
(Sharecast News) - Genel Energy hiked its interim dividend by 20% on the back of rising oil prices and burgeoning cash flow, even as it reported delays to testing programmes at the Sarta and Qara Dagh oil fields and guided lower for full-year output.
Read moreGenel to defend Kurdistan licences after government moves to terminate
20th Aug 2021 09:08
(Sharecast News) - Genel Energy said on Friday that the Ministry of Natural Resources of the autonomous Kurdistan Regional Government in Iraq had announced its intention to terminate the Bina Bawi and Miran production sharing contracts (PSCs).
Read moreTuesday broker round-up
11th May 2021 13:31
(Sharecast News) - Safestore: Liberum upgrades to buy with a target price of 1,060p.
Read moreGenel Energy's Sarta-2 well enters production
8th Mar 2021 13:48
(Sharecast News) - Genel Energy said on Monday that the Sarta-2 well, in which it has a 30% working interest, has entered production, with gross field production now in excess of 10,000 barrels of oil per day.
Read moreGenel Energy receives $11.5m in payments for KRI oil sales in November
29th Dec 2020 07:53
(Sharecast News) - Genel Energy said on Tuesday that it had received payments from the Kurdistan Regional Government for oil sales in November.
Read moreGenel Energy keeps interim dividend, books hefty impairment charges
6th Aug 2020 10:13
(Sharecast News) - Genel Energy reiterated plans to pay out a dividend for 2020 despite the weaker oil price environment and investments to bring its Sarta field online.
Read moreDirector dealings: Daax Corp. picks up more shares in Genel Energy
24th Mar 2020 18:59
(Sharecast News) - Daax Corporation stepped in to buy more shares in Kurdistan-focused oil exploration group Genel Energy.
Read moreGenel revamps board with McManus and Fallon
6th Feb 2020 09:25
(Sharecast News) - Genel Energy has appointed oil industry veteran David McManus as chairman and former cabinet minister Michael Fallon as senior independent director in a board shake-up at the oil and gas explorer.
Read moreGenel Energy confirms receipt of payment from Kurdistan government
31st Jan 2020 14:40
(Sharecast News) - Genel Energy announced on Friday that payment has been received from the Kurdistan Regional Government for oil sales during September.
Read moreGenel Energy celebrates 'successful year'
16th Jan 2020 13:07
(Sharecast News) - Exploration and production outfit Genel Energy boasted of a "successful year" on Thursday ahead of its full-year financial results in March.
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