Genel Energy PLC Completion of acquisition (7805Z)
September 22 2015 - 4:30AM
UK Regulatory
TIDMGENL
RNS Number : 7805Z
Genel Energy PLC
22 September 2015
22 September 2015
Genel Energy plc
Completion of acquisition of interest in the Bina Bawi field
Genel Energy plc ('Genel') is pleased to announce that,
following approval from the Kurdistan Regional Government, the
acquisition of OMV's 36% operated stake in the Bina Bawi field has
completed. As a result, Genel now holds an 80% operated interest in
Bina Bawi.
-ends-
For further information, please contact:
Genel Energy
Ben Monaghan, Chief Financial
Officer
Phil Corbett, Head of Investor
Relations
Andrew Benbow, Head of Public
Relations +44 20 7659 5100
Vigo Communications
Patrick d'Ancona +44 20 7016 9573
Notes to editors:
Genel Energy is an independent oil and gas exploration and
production company listed on the main market of the London Stock
Exchange (LSE: GENL). The Company, with headquarters in London and
additional offices in Ankara and Erbil, is the largest independent
oil producer and the largest holder of reserves and resources in
the Kurdistan Region of Iraq and, through its Miran and Bina Bawi
gas fields, is set to be a cornerstone provider of gas to Turkey
under the KRI-Turkey Gas Sales Agreement. Genel also continues to
pursue further growth opportunities within the Middle East and
Africa. For further information, please refer to
www.genelenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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