Genel Energy PLC Receipt of payment for KRI oil exports (2161D)
October 23 2015 - 2:03AM
UK Regulatory
TIDMGENL
RNS Number : 2161D
Genel Energy PLC
23 October 2015
23 October 2015
Genel Energy plc
Receipt of payment for KRI oil exports from Tawke field
Genel Energy plc ('Genel') notes the announcement from DNO ASA,
as operator of the Tawke field, that the Tawke field partners have
received a gross payment of $30 million for oil exported through
the Kurdistan Region of Iraq-Turkey pipeline. Genel's share of the
Tawke gross payment is c.$9 million.
On October 20, Genel announced that it had received a $16.5
million net payment for exports from the Taq Taq field.
-ends-
For further information, please contact:
Genel Energy
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
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
MSCLIFEEISLVFIE
(END) Dow Jones Newswires
October 23, 2015 02:03 ET (06:03 GMT)
Vallares (LSE:VLRS)
Historical Stock Chart
From Apr 2024 to May 2024
Vallares (LSE:VLRS)
Historical Stock Chart
From May 2023 to May 2024