Genel 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.
Read moreRBC slashes target price for Genel Energy on Mideast tensions
8th Jan 2020 19:44
(Sharecast News) - RBC Capital slashed its target price shares of Kurdistan-focused Genel Energy on the back of the heightened geopolitical tensions in the Middle East.
Read moreWednesday broker round-up
8th Jan 2020 13:12
(Sharecast News) - Elementis: Jefferies downgrades to hold with a target price of 190p.
Read moreGenel Energy nears completion on TT-34 well at Taq Taq
6th Jan 2020 10:07
(Sharecast News) - Genel Energy updated the market on activity at the Taq Taq field on Monday, where it has a 44% working interest, as testing of the TT-34 well neared completion.
Read moreGenel and Gulf Keystone face late payments from Kurdistan
12th Dec 2019 10:50
(Sharecast News) - Genel Energy and Gulf Keystone shares fell after the oil companies said the Kurdistan government was delaying payments due in late 2019 until January 2020.
Read moreGenel chairman Whyte to stand down, says outfit poised for organic growth
16th May 2019 10:45
(Sharecast News) - Genel Energy chairman Stephen Whyte announced plans to step down as he reported a successful start to 2019 for the oil producer.
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