Proactiveinvestors United Kingdom Genel Energy PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Genel Energy PLC RSS feed en Wed, 22 Jan 2020 11:24:51 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Genel Energy boasts successful year of production growth and maiden dividends https://www.proactiveinvestors.co.uk/companies/news/910794/genel-energy-boasts-successful-year-of-production-growth-and-maiden-dividends-910794.html Thu, 16 Jan 2020 07:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/910794/genel-energy-boasts-successful-year-of-production-growth-and-maiden-dividends-910794.html Genel Energy boosted as Tawke licence yields production growth for 2019 https://www.proactiveinvestors.co.uk/companies/news/910552/genel-energy-boosted-as-tawke-licence-yields-production-growth-for-2019-910552.html Tue, 14 Jan 2020 07:33:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/910552/genel-energy-boosted-as-tawke-licence-yields-production-growth-for-2019-910552.html Genel Energy receives latest oil payments from Kurdistan Regional Government https://www.proactiveinvestors.co.uk/companies/news/910164/genel-energy-receives-latest-oil-payments-from-kurdistan-regional-government-910164.html Wed, 08 Jan 2020 08:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/910164/genel-energy-receives-latest-oil-payments-from-kurdistan-regional-government-910164.html Genel Energy plans production boost on the back of strong performance in the Kurdistan Region of Iraq https://www.proactiveinvestors.co.uk/companies/news/910122/genel-energy-plans-production-boost-on-the-back-of-strong-performance-in-the-kurdistan-region-of-iraq-910122.html Tue, 07 Jan 2020 06:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/910122/genel-energy-plans-production-boost-on-the-back-of-strong-performance-in-the-kurdistan-region-of-iraq-910122.html Genel Energy’s Taq Taq field new well to soon begin production https://www.proactiveinvestors.co.uk/companies/news/910002/genel-energys-taq-taq-field-new-well-to-soon-begin-production-910002.html Mon, 06 Jan 2020 07:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/910002/genel-energys-taq-taq-field-new-well-to-soon-begin-production-910002.html Today's Oil & Gas Update - Great Eastern Corporation, Genel Energy, Angus Energy and more... https://www.proactiveinvestors.co.uk/companies/news/908563/today-s-oil--gas-update---great-eastern-corporation-genel-energy-angus-energy-and-more-908563.html Thu, 05 Dec 2019 10:34:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/908563/today-s-oil--gas-update---great-eastern-corporation-genel-energy-angus-energy-and-more-908563.html Genel Energy appoints George Rose as interim chairman https://www.proactiveinvestors.co.uk/companies/news/908414/genel-energy-appoints-george-rose-as-interim-chairman-908414.html Wed, 04 Dec 2019 07:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/908414/genel-energy-appoints-george-rose-as-interim-chairman-908414.html Genel Energy ups its stake in Somaliland block SL10B13 to 100% https://www.proactiveinvestors.co.uk/companies/news/906707/genel-energy-ups-its-stake-in-somaliland-block-sl10b13-to-100-906707.html Mon, 11 Nov 2019 07:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906707/genel-energy-ups-its-stake-in-somaliland-block-sl10b13-to-100-906707.html Investor Update: Genel Energy reports 'robust' production generating material free cash flow https://www.proactiveinvestors.co.uk/companies/news/906139/investor-update-genel-energy-reports--robust--production-generating-material-free-cash-flow-906139.html Fri, 01 Nov 2019 09:41:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906139/investor-update-genel-energy-reports--robust--production-generating-material-free-cash-flow-906139.html Genel Energy lifts oil sector gloom with strong update https://www.proactiveinvestors.co.uk/companies/news/906096/genel-energy-lifts-oil-sector-gloom-with-strong-update-906096.html Fri, 01 Nov 2019 07:29:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906096/genel-energy-lifts-oil-sector-gloom-with-strong-update-906096.html Genel Energy's Tawke field to produce 120,000 barrels per day into 2020 https://www.proactiveinvestors.co.uk/companies/news/906019/genel-energy-s-tawke-field-to-produce-120000-barrels-per-day-into-2020-906019.html Thu, 31 Oct 2019 09:17:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906019/genel-energy-s-tawke-field-to-produce-120000-barrels-per-day-into-2020-906019.html Genel Energy inks drill contract for next year’s Qara Dagh well https://www.proactiveinvestors.co.uk/companies/news/905313/genel-energy-inks-drill-contract-for-next-years-qara-dagh-well-905313.html Tue, 22 Oct 2019 07:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/905313/genel-energy-inks-drill-contract-for-next-years-qara-dagh-well-905313.html Genel Energy share advance as Sarta field moves closer to 2020 start-up https://www.proactiveinvestors.co.uk/companies/news/902099/genel-energy-share-advance-as-sarta-field-moves-closer-to-2020-start-up-902099.html Thu, 05 Sep 2019 07:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/902099/genel-energy-share-advance-as-sarta-field-moves-closer-to-2020-start-up-902099.html Genel Energy resumes US$10mln share buyback programme https://www.proactiveinvestors.co.uk/companies/news/900346/genel-energy-resumes-us10mln-share-buyback-programme-900346.html Thu, 08 Aug 2019 06:56:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/900346/genel-energy-resumes-us10mln-share-buyback-programme-900346.html Cash rolls in as production rises at Genel Energy https://www.proactiveinvestors.co.uk/companies/news/900206/cash-rolls-in-as-production-rises-at-genel-energy-900206.html Tue, 06 Aug 2019 12:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/900206/cash-rolls-in-as-production-rises-at-genel-energy-900206.html Genel Energy highlights Kurdistan production performance https://www.proactiveinvestors.co.uk/companies/news/224763/genel-energy-highlights-kurdistan-production-performance-224763.html Wed, 31 Jul 2019 06:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/224763/genel-energy-highlights-kurdistan-production-performance-224763.html Genel Energy launches US$10mln share buyback https://www.proactiveinvestors.co.uk/companies/news/222733/genel-energy-launches-us10mln-share-buyback-222733.html Tue, 25 Jun 2019 12:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222733/genel-energy-launches-us10mln-share-buyback-222733.html 'We are like North American shale producers except we make money', says Genel Energy's Bill Higgs https://www.proactiveinvestors.co.uk/companies/news/313663/-we-are-like-north-american-shale-producers-except-we-make-money--says-genel-energy-s-bill-higgs-13663.html Fri, 07 Jun 2019 09:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/313663/-we-are-like-north-american-shale-producers-except-we-make-money--says-genel-energy-s-bill-higgs-13663.html Genel Energy appoints Mike Adams to newly created technical director role https://www.proactiveinvestors.co.uk/companies/news/221609/genel-energy-appoints-mike-adams-to-newly-created-technical-director-role-221609.html Thu, 06 Jun 2019 11:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221609/genel-energy-appoints-mike-adams-to-newly-created-technical-director-role-221609.html Balance sheet transformed, Genel Energy ready to make most of Kurdistan's second coming https://www.proactiveinvestors.co.uk/companies/news/219293/balance-sheet-transformed-genel-energy-ready-to-make-most-of-kurdistan-s-second-coming-219293.html Mon, 29 Apr 2019 15:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219293/balance-sheet-transformed-genel-energy-ready-to-make-most-of-kurdistan-s-second-coming-219293.html Genel Energy 'a business going places' with material growth opportunities https://www.proactiveinvestors.co.uk/companies/news/313088/genel-energy--a-business-going-places--with-material-growth-opportunities-13088.html Wed, 24 Apr 2019 12:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/313088/genel-energy--a-business-going-places--with-material-growth-opportunities-13088.html Genel Energy names Bill Higgs as new chief executive https://www.proactiveinvestors.co.uk/companies/news/218128/genel-energy-names-bill-higgs-as-new-chief-executive-218128.html Mon, 08 Apr 2019 07:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218128/genel-energy-names-bill-higgs-as-new-chief-executive-218128.html Genel Energy agrees deal to partner Chevron in Kurdistan growth projects https://www.proactiveinvestors.co.uk/companies/news/212950/genel-energy-agrees-deal-to-partner-chevron-in-kurdistan-growth-projects-212950.html Mon, 21 Jan 2019 08:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212950/genel-energy-agrees-deal-to-partner-chevron-in-kurdistan-growth-projects-212950.html Genel Energy shares drop despite cash flow boast https://www.proactiveinvestors.co.uk/companies/news/212592/genel-energy-shares-drop-despite-cash-flow-boast-212592.html Tue, 15 Jan 2019 09:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212592/genel-energy-shares-drop-despite-cash-flow-boast-212592.html Genel Energy shares rise as Peshkabir ramp-up continues https://www.proactiveinvestors.co.uk/companies/news/203045/genel-energy-shares-rise-as-peshkabir-ramp-up-continues-203045.html Thu, 16 Aug 2018 08:22:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/203045/genel-energy-shares-rise-as-peshkabir-ramp-up-continues-203045.html Genel Energy highlights Peshkabir field production growth https://www.proactiveinvestors.co.uk/companies/news/200923/genel-energy-highlights-peshkabir-field-production-growth-200923.html Tue, 17 Jul 2018 06:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200923/genel-energy-highlights-peshkabir-field-production-growth-200923.html Genel downgraded by Numis but the broker still sees substantial upside should projects get off the ground https://www.proactiveinvestors.co.uk/companies/news/199399/genel-downgraded-by-numis-but-the-broker-still-sees-substantial-upside-should-projects-get-off-the-ground-199399.html Fri, 22 Jun 2018 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199399/genel-downgraded-by-numis-but-the-broker-still-sees-substantial-upside-should-projects-get-off-the-ground-199399.html Genel ‘continues to build momentum’ in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/197180/genel-continues-to-build-momentum-in-kurdistan-197180.html Thu, 17 May 2018 08:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/197180/genel-continues-to-build-momentum-in-kurdistan-197180.html Genel Energy expects significant and sustainable cash flow from Kurdistan oil https://www.proactiveinvestors.co.uk/companies/news/193623/genel-energy-expects-significant-and-sustainable-cash-flow-from-kurdistan-oil-193623.html Thu, 22 Mar 2018 09:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/193623/genel-energy-expects-significant-and-sustainable-cash-flow-from-kurdistan-oil-193623.html Genel Energy shares boosted as RBC delivers upgrade ahead of Iraq elections https://www.proactiveinvestors.co.uk/companies/news/193464/genel-energy-shares-boosted-as-rbc-delivers-upgrade-ahead-of-iraq-elections-193464.html Tue, 20 Mar 2018 11:03:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/193464/genel-energy-shares-boosted-as-rbc-delivers-upgrade-ahead-of-iraq-elections-193464.html Genel Energy shares rise on new Taq Taq well success https://www.proactiveinvestors.co.uk/companies/news/188182/genel-energy-shares-rise-on-new-taq-taq-well-success-188182.html Mon, 04 Dec 2017 08:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/188182/genel-energy-shares-rise-on-new-taq-taq-well-success-188182.html Deutsche Bank cautions over Genel Energy Kurdistan risks https://www.proactiveinvestors.co.uk/companies/news/187152/deutsche-bank-cautions-over-genel-energy-kurdistan-risks-187152.html Mon, 13 Nov 2017 10:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/187152/deutsche-bank-cautions-over-genel-energy-kurdistan-risks-187152.html Genel Energy says well-drilling obligation dropped from Sidi Moussa well in Morocco https://www.proactiveinvestors.co.uk/companies/news/186995/genel-energy-says-well-drilling-obligation-dropped-from-sidi-moussa-well-in-morocco-186995.html Thu, 09 Nov 2017 10:08:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/186995/genel-energy-says-well-drilling-obligation-dropped-from-sidi-moussa-well-in-morocco-186995.html Genel Energy higher as it welcomes new COO; Deutsche Bank upgrades https://www.proactiveinvestors.co.uk/companies/news/185575/genel-energy-higher-as-it-welcomes-new-coo-deutsche-bank-upgrades-185575.html Fri, 13 Oct 2017 14:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/185575/genel-energy-higher-as-it-welcomes-new-coo-deutsche-bank-upgrades-185575.html Genel Energy details US$50mn gross oil payments from Kurdistan https://www.proactiveinvestors.co.uk/companies/news/185395/genel-energy-details-us50mn-gross-oil-payments-from-kurdistan-185395.html Wed, 11 Oct 2017 07:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/185395/genel-energy-details-us50mn-gross-oil-payments-from-kurdistan-185395.html No end to political uncertainty for Genel and GKP as Kurdistan holds Iraq referendum https://www.proactiveinvestors.co.uk/companies/news/184504/no-end-to-political-uncertainty-for-genel-and-gkp-as-kurdistan-holds-iraq-referendum-184504.html Mon, 25 Sep 2017 09:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/184504/no-end-to-political-uncertainty-for-genel-and-gkp-as-kurdistan-holds-iraq-referendum-184504.html Genel Energy PLC (GENL.L) - Capital Network - Good Time to Revisit the Equity Story https://www.proactiveinvestors.co.uk/companies/news/430531/genel-energy-plc-genll---capital-network---good-time-to-revisit-the-equity-story-430531.html Genel Energy PLC (Genel) is a London-listed oil and gas production company with assets in the Kurdistan region of Northern Iraq (KRI), Somaliland and Morocco. Political instability in Iraq and the rise of ISIS created a particularly challenging stock market sentiment for companies active in the region, such as Genel Energy PLC, with concerns about security compounding those from irregular oil sales payments. More recently, sharp production declines and subsequent reserves downgrades at one of Genel Energy PLC’s main oil asset increased the pressure on the company already suffering from the collapse in the oil price. We believe that after recent reserves downgrades and with potential progress anticipated for the Miran/Bina Bawi gas development, it might be a good time to revisit the equity story, with a view on the mediumterm development of these assets.

 

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Fri, 08 Sep 2017 09:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/430531/genel-energy-plc-genll---capital-network---good-time-to-revisit-the-equity-story-430531.html
Capital Network's Lionel Therond on Genel Energy https://www.proactiveinvestors.co.uk/companies/news/330071/capital-network-s-lionel-therond-on-genel-energy-0071.html Wed, 30 Aug 2017 13:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/330071/capital-network-s-lionel-therond-on-genel-energy-0071.html Genel Energy PLC – Capital Network: Good Time to Revisit the Equity Story https://www.proactiveinvestors.co.uk/companies/news/430528/genel-energy-plc--capital-network-good-time-to-revisit-the-equity-story-430528.html Genel Energy PLC (LON:GENL) is a London-listed oil and gas production company with assets in the Kurdistan region of Northern Iraq (KRI), Somaliland and Morocco. Political instability in Iraq and the rise of ISIS created a particularly challenging stock market sentiment for companies active in the region, such as Genel Energy PLC (LON:GENL), with concerns about security compounding those from irregular oil sales payments. More recently, sharp production declines and subsequent reserves downgrades at one of Genel Energy PLC (LON:GENL) main oil asset increased the pressure on the company already suffering from the collapse in the oil price. We believe that after recent reserves downgrades and with potential progress anticipated for the Miran/Bina Bawi gas development, it might be a good time to revisit the equity story, with a view on the mediumterm development of these assets.

Genel Energy PLC (LON:GENL) was created in 2011 through the reverse take-over of Genel Enerji, a Turkish company with oil and gas assets in the KRI, into Vallares an LSElisted investment company. Genel has shareholding interests in two producing fields: DNO-operated Tawke (25%) and jointly-operated (with Addax Petroleum) Taq Taq (44%) oil fields; two development assets: Miran (100%) and Bina Bawi (100%); one discovery under appraisal: Peshkabir (25%) contained within the Tawke PSC; all located in the KRI. Genel also has interests in exploration assets in Somaliland and Morocco (Figure 1).

PRODUCING ASSETS

In the past 18 months, Genel reported a reserves downgrades for the Taq Taq field (in early 2016) with 2P reserves now down to 59MMbbl (McDaniel & Associates, Feb-17) from 172MMbbl in Dec-15, following higher than anticipated production declines and increasing water cut.

Current production of just below 15kbopd is down from 85kbopd in Dec-15, while water cut went from 13% to 50% during that period.

In contrast, the Tawke oil field has continued to perform according to expectations and Genel does not expect the issues encountered at the Taq Taq field (and resulting declines) to be repeated at Tawke due to differences in field morphology and drive mechanism. However, Genel abandoned previous 2017 guidance for gross production at Taq Taq of 24-31kb/d, saying it would announce output on a monthly basis. Jun-17 production was 14.7kb/d resulting in a 2017 average of 21.0kb/d, compared to 2016 net average production of 53.3kb/d.

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Wed, 30 Aug 2017 09:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/430528/genel-energy-plc--capital-network-good-time-to-revisit-the-equity-story-430528.html
Genel Energy inks deal for Kurdistan oil payments https://www.proactiveinvestors.co.uk/companies/news/182922/genel-energy-inks-deal-for-kurdistan-oil-payments-182922.html Thu, 24 Aug 2017 08:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/182922/genel-energy-inks-deal-for-kurdistan-oil-payments-182922.html Genel Energy appoints new chief financial officer https://www.proactiveinvestors.co.uk/companies/news/179958/genel-energy-appoints-new-chief-financial-officer-179958.html Wed, 28 Jun 2017 07:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/179958/genel-energy-appoints-new-chief-financial-officer-179958.html Genel Energy confirms bond buy-back pricing https://www.proactiveinvestors.co.uk/companies/news/176134/genel-energy-confirms-bond-buy-back-pricing-176134.html Fri, 07 Apr 2017 07:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/176134/genel-energy-confirms-bond-buy-back-pricing-176134.html Genel Energy downgraded by Jefferies on continued Taq Taq concerns https://www.proactiveinvestors.co.uk/companies/news/176007/genel-energy-downgraded-by-jefferies-on-continued-taq-taq-concerns-176007.html Wed, 05 Apr 2017 09:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/176007/genel-energy-downgraded-by-jefferies-on-continued-taq-taq-concerns-176007.html Genel Energy salves shareholders pain over 2016 results with launch of US$50mln bond buy-back https://www.proactiveinvestors.co.uk/companies/news/175690/genel-energy-salves-shareholders-pain-over-2016-results-with-launch-of-us50mln-bond-buy-back-175690.html Thu, 30 Mar 2017 11:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/175690/genel-energy-salves-shareholders-pain-over-2016-results-with-launch-of-us50mln-bond-buy-back-175690.html Genel Energy to take US$181mln hit amid 65% downgrade to Taq Taq oil reserves https://www.proactiveinvestors.co.uk/companies/news/175516/genel-energy-to-take-us181mln-hit-amid-65-downgrade-to-taq-taq-oil-reserves-175516.html Tue, 28 Mar 2017 07:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/175516/genel-energy-to-take-us181mln-hit-amid-65-downgrade-to-taq-taq-oil-reserves-175516.html Genel Energy notes latests oil payments from Kurdistan https://www.proactiveinvestors.co.uk/companies/news/172346/genel-energy-notes-latests-oil-payments-from-kurdistan-172346.html Mon, 30 Jan 2017 08:07:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/172346/genel-energy-notes-latests-oil-payments-from-kurdistan-172346.html Genel Energy shares drop on lower output guidance for 2017 https://www.proactiveinvestors.co.uk/companies/news/172107/genel-energy-shares-drop-on-lower-output-guidance-for-2017-172107.html Tue, 24 Jan 2017 11:39:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/172107/genel-energy-shares-drop-on-lower-output-guidance-for-2017-172107.html Genel Energy unearths new oil discovery in Kurdistan region of Iraq https://www.proactiveinvestors.co.uk/companies/news/171319/genel-energy-unearths-new-oil-discovery-in-kurdistan-region-of-iraq-171319.html Mon, 09 Jan 2017 08:31:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/171319/genel-energy-unearths-new-oil-discovery-in-kurdistan-region-of-iraq-171319.html Oil production at Genel Energy’s Tawke field ahead of broker estimates https://www.proactiveinvestors.co.uk/companies/news/170927/oil-production-at-genel-energys-tawke-field-ahead-of-broker-estimates-170927.html Fri, 23 Dec 2016 10:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/170927/oil-production-at-genel-energys-tawke-field-ahead-of-broker-estimates-170927.html Genel Energy marks latest payments from KRG for crude deliveries https://www.proactiveinvestors.co.uk/companies/news/166823/genel-energy-marks-latest-payments-from-krg-for-crude-deliveries-166823.html Mon, 03 Oct 2016 07:26:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/166823/genel-energy-marks-latest-payments-from-krg-for-crude-deliveries-166823.html Genel confirms oil payments from Kurdistan for Tawke field https://www.proactiveinvestors.co.uk/companies/news/126480/genel-confirms-oil-payments-from-kurdistan-for-tawke-field-126480.html Fri, 27 May 2016 08:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/126480/genel-confirms-oil-payments-from-kurdistan-for-tawke-field-126480.html Genel Energy confirms March crude export payments for Tawke https://www.proactiveinvestors.co.uk/companies/news/124674/genel-energy-confirms-march-crude-export-payments-for-tawke-124674.html Tue, 12 Apr 2016 07:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/124674/genel-energy-confirms-march-crude-export-payments-for-tawke-124674.html Genel Energy PLC confirms U$55.4mln bond buy-back https://www.proactiveinvestors.co.uk/companies/news/124006/genel-energy-plc-confirms-u554mln-bond-buy-back-124006.html Wed, 23 Mar 2016 07:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/124006/genel-energy-plc-confirms-u554mln-bond-buy-back-124006.html Genel Energy PLC receives US$24mln for Kurdistan oil exports https://www.proactiveinvestors.co.uk/companies/news/123951/genel-energy-plc-receives-us24mln-for-kurdistan-oil-exports-123951.html Tue, 22 Mar 2016 08:19:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/123951/genel-energy-plc-receives-us24mln-for-kurdistan-oil-exports-123951.html Genel Energy PLC boosted as it reveals debt buy-back plan https://www.proactiveinvestors.co.uk/companies/news/123845/genel-energy-plc-boosted-as-it-reveals-debt-buy-back-plan-123845.html Fri, 18 Mar 2016 08:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/123845/genel-energy-plc-boosted-as-it-reveals-debt-buy-back-plan-123845.html Genel Energy’s production partially offset oil price impact https://www.proactiveinvestors.co.uk/companies/news/123239/genel-energys-production-partially-offset-oil-price-impact-123239.html Thu, 03 Mar 2016 08:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/123239/genel-energys-production-partially-offset-oil-price-impact-123239.html Genel updates on Taq Taq reserves https://www.proactiveinvestors.co.uk/companies/news/123071/genel-updates-on-taq-taq-reserves-123071.html Mon, 29 Feb 2016 14:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/123071/genel-updates-on-taq-taq-reserves-123071.html Genel Energy: Jim Leng steps down from board https://www.proactiveinvestors.co.uk/companies/news/122833/genel-energy-jim-leng-steps-down-from-board-122833.html Tue, 23 Feb 2016 07:12:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/122833/genel-energy-jim-leng-steps-down-from-board-122833.html Genel and DNO receive US$21.5mln for Tawke in January https://www.proactiveinvestors.co.uk/companies/news/122270/genel-and-dno-receive-us215mln-for-tawke-in-january-122270.html Mon, 08 Feb 2016 10:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/122270/genel-and-dno-receive-us215mln-for-tawke-in-january-122270.html Genel Energy gets US$10.8mln for Taq Taq crude https://www.proactiveinvestors.co.uk/companies/news/122203/genel-energy-gets-us108mln-for-taq-taq-crude-122203.html Fri, 05 Feb 2016 09:21:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/122203/genel-energy-gets-us108mln-for-taq-taq-crude-122203.html Genel Energy positioned to weather oil downturn, CEO says https://www.proactiveinvestors.co.uk/companies/news/121521/genel-energy-positioned-to-weather-oil-downturn-ceo-says-121521.html Wed, 20 Jan 2016 13:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/121521/genel-energy-positioned-to-weather-oil-downturn-ceo-says-121521.html Genel Energy receives fourth Kurdistan crude payment https://www.proactiveinvestors.co.uk/companies/news/120988/genel-energy-receives-fourth-kurdistan-crude-payment-120988.html Tue, 05 Jan 2016 15:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/120988/genel-energy-receives-fourth-kurdistan-crude-payment-120988.html Genel plugs and abandons Ivory Coast well https://www.proactiveinvestors.co.uk/companies/news/120885/genel-plugs-and-abandons-ivory-coast-well-120885.html Thu, 31 Dec 2015 08:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/120885/genel-plugs-and-abandons-ivory-coast-well-120885.html Genel Energy confirms receipt of oil payments from Kurdistan https://www.proactiveinvestors.co.uk/companies/news/120435/genel-energy-confirms-receipt-of-oil-payments-from-kurdistan-120435.html Mon, 14 Dec 2015 15:16:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/120435/genel-energy-confirms-receipt-of-oil-payments-from-kurdistan-120435.html Genel Energy sells 20% stake in Chia Surkh to partner https://www.proactiveinvestors.co.uk/companies/news/116796/genel-energy-sells-20-stake-in-chia-surkh-to-partner-116796.html Thu, 29 Oct 2015 07:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/116796/genel-energy-sells-20-stake-in-chia-surkh-to-partner-116796.html Genel Energy receives another payment for Tawke oil https://www.proactiveinvestors.co.uk/companies/news/116570/genel-energy-receives-another-payment-for-tawke-oil-116570.html Fri, 23 Oct 2015 06:53:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/116570/genel-energy-receives-another-payment-for-tawke-oil-116570.html Genel CEO - Third quarter marks a turning point https://www.proactiveinvestors.co.uk/companies/news/116396/genel-ceo-third-quarter-marks-a-turning-point-116396.html Tue, 20 Oct 2015 14:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/116396/genel-ceo-third-quarter-marks-a-turning-point-116396.html Genel Energy founder Mehmet Sepil retires from company https://www.proactiveinvestors.co.uk/companies/news/116200/genel-energy-founder-mehmet-sepil-retires-from-company-116200.html Wed, 14 Oct 2015 07:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/116200/genel-energy-founder-mehmet-sepil-retires-from-company-116200.html Genel Energy agrees to buy-out Bina Bawi partner https://www.proactiveinvestors.co.uk/companies/news/110793/genel-energy-agrees-to-buy-out-bina-bawi-partner-110793.html Tue, 15 Sep 2015 10:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/110793/genel-energy-agrees-to-buy-out-bina-bawi-partner-110793.html Genel’s world class assets will see it persevere in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/272932/genels-world-class-assets-will-see-it-persevere-in-kurdistan-22932.html Fri, 11 Sep 2015 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/272932/genels-world-class-assets-will-see-it-persevere-in-kurdistan-22932.html Genel Energy gets second payment from Kurdistan https://www.proactiveinvestors.co.uk/companies/news/110646/genel-energy-gets-second-payment-from-kurdistan-110646.html Wed, 09 Sep 2015 09:53:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/110646/genel-energy-gets-second-payment-from-kurdistan-110646.html Genel Energy receives US$16.5mln payment from Iraq https://www.proactiveinvestors.co.uk/companies/news/110618/genel-energy-receives-us165mln-payment-from-iraq-110618.html Tue, 08 Sep 2015 12:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/110618/genel-energy-receives-us165mln-payment-from-iraq-110618.html Kurdistan oil payments will start in early September https://www.proactiveinvestors.co.uk/companies/news/110345/kurdistan-oil-payments-will-start-in-early-september-110345.html Thu, 27 Aug 2015 10:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/110345/kurdistan-oil-payments-will-start-in-early-september-110345.html Genel boosted by KRG payment plans, but it won’t be a quick fix https://www.proactiveinvestors.co.uk/companies/news/109738/genel-boosted-by-krg-payment-plans-but-it-wont-be-a-quick-fix-109738.html Thu, 06 Aug 2015 12:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/109738/genel-boosted-by-krg-payment-plans-but-it-wont-be-a-quick-fix-109738.html Genel's Kurdistan operations remain safe and secure https://www.proactiveinvestors.co.uk/companies/news/109716/genel-s-kurdistan-operations-remain-safe-and-secure-109716.html Thu, 06 Aug 2015 06:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/109716/genel-s-kurdistan-operations-remain-safe-and-secure-109716.html Kurdistan promises monthly payments to oil firms https://www.proactiveinvestors.co.uk/companies/news/109616/kurdistan-promises-monthly-payments-to-oil-firms-109616.html Mon, 03 Aug 2015 14:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/109616/kurdistan-promises-monthly-payments-to-oil-firms-109616.html Genel Energy’s oil output peaked above 100,000 bopd in first half https://www.proactiveinvestors.co.uk/companies/news/108927/genel-energys-oil-output-peaked-above-100000-bopd-in-first-half-108927.html Mon, 13 Jul 2015 09:06:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/108927/genel-energys-oil-output-peaked-above-100000-bopd-in-first-half-108927.html Genel Energy - Tawke sets new production record, capacity reaches 200,000 bopd https://www.proactiveinvestors.co.uk/companies/news/68720/genel-energy-tawke-sets-new-production-record-capacity-reaches-200000-bopd-80032.html Wed, 06 May 2015 07:36:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/68720/genel-energy-tawke-sets-new-production-record-capacity-reaches-200000-bopd-80032.html Genel Energy set for cash flow uplift, Deutsche Bank suggests https://www.proactiveinvestors.co.uk/companies/news/68305/genel-energy-set-for-cash-flow-uplift-deutsche-bank-suggests-79575.html Wed, 22 Apr 2015 15:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/68305/genel-energy-set-for-cash-flow-uplift-deutsche-bank-suggests-79575.html Genel Energy completes US$230mln bond sale https://www.proactiveinvestors.co.uk/companies/news/67476/genel-energy-completes-us230mln-bond-sale--78682.html Thu, 26 Mar 2015 06:47:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/67476/genel-energy-completes-us230mln-bond-sale--78682.html Investors should stick with Genel Energy, broker says https://www.proactiveinvestors.co.uk/companies/news/67404/investors-should-stick-with-genel-energy-broker-says-78603.html Tue, 24 Mar 2015 10:35:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/67404/investors-should-stick-with-genel-energy-broker-says-78603.html UPDATE - Genel Energy chief Tony Hayward expects regular export payments through 2015 https://www.proactiveinvestors.co.uk/companies/news/66836/update-genel-energy-chief-tony-hayward-expects-regular-export-payments-through-2015-77973.html Genel shares advanced on Thursday as chief executive Tony Hayward told investors he expects regular payments for crude exports from Kurdistan through 2015.

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Thu, 05 Mar 2015 13:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/66836/update-genel-energy-chief-tony-hayward-expects-regular-export-payments-through-2015-77973.html
Export payments remain the priority for Kurdistan oil firms https://www.proactiveinvestors.co.uk/companies/news/66780/export-payments-remain-the-priority-for-kurdistan-oil-firms-77915.html As Genel's Tawke field reached a significant production milestone, the operator DNO has reaffirmed its commitment to the semi-autonomous region - but regular and visible export payments remains a key issue for investors.

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Wed, 04 Mar 2015 09:12:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/66780/export-payments-remain-the-priority-for-kurdistan-oil-firms-77915.html
JP Morgan oil specialist to join Genel as CFO https://www.proactiveinvestors.co.uk/companies/news/65804/jp-morgan-oil-specialist-to-join-genel-as-cfo--76826.html Mon, 02 Feb 2015 06:45:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/65804/jp-morgan-oil-specialist-to-join-genel-as-cfo--76826.html Westhouse analyst Orazbayeva on which oil stocks to back amid lower prices https://www.proactiveinvestors.co.uk/companies/news/303011/westhouse-analyst-orazbayeva-on-which-oil-stocks-to-back-amid-lower-prices-3448.html Fri, 30 Jan 2015 13:50:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/303011/westhouse-analyst-orazbayeva-on-which-oil-stocks-to-back-amid-lower-prices-3448.html UPDATE - Genel lowers revenue guidance, cuts exploration spending as tumbling oil price hits home https://www.proactiveinvestors.co.uk/companies/news/65463/update-genel-lowers-revenue-guidance-cuts-exploration-spending-as-tumbling-oil-price-hits-home-76437.html Kurdistan-focused Genel Energy has downgraded its revenue forecast for the current year significantly to reflect the sharply lower oil price.

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Wed, 21 Jan 2015 11:21:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/65463/update-genel-lowers-revenue-guidance-cuts-exploration-spending-as-tumbling-oil-price-hits-home-76437.html
Kurdistan progress makes Genel Energy one to watch in 2015 https://www.proactiveinvestors.co.uk/companies/news/64900/kurdistan-progress-makes-genel-energy-one-to-watch-in-2015-75798.html 2015 could prove to be a turning-point for Kurdistan’s oil industry as sales and export arrangements reveal the true value of the region’s potential.

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Tue, 30 Dec 2014 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64900/kurdistan-progress-makes-genel-energy-one-to-watch-in-2015-75798.html
Genel upgraded, Investec impressed by ‘internally funded’ growth potential https://www.proactiveinvestors.co.uk/companies/news/64378/genel-upgraded-investec-impressed-by-internally-funded-growth-potential-75209.html Tue, 09 Dec 2014 13:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64378/genel-upgraded-investec-impressed-by-internally-funded-growth-potential-75209.html Kurdistan set to continue selling its own oil https://www.proactiveinvestors.co.uk/companies/news/64291/kurdistan-set-to-continue-selling-its-own-oil-75118.html Breakthroughs in Kurdistan this week represent long awaited and significant milestones for oil companies active in the region.

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Fri, 05 Dec 2014 14:14:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64291/kurdistan-set-to-continue-selling-its-own-oil-75118.html
Genel Energy set for US$24mln of payments for Kurdistan exports https://www.proactiveinvestors.co.uk/companies/news/64122/genel-energy-set-for-us24mln-of-payments-for-kurdistan-exports-74928.html Tue, 02 Dec 2014 06:38:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64122/genel-energy-set-for-us24mln-of-payments-for-kurdistan-exports-74928.html Genel Energy abandons Jacaré -1 onshore Angola https://www.proactiveinvestors.co.uk/companies/news/63843/genel-energy-abandons-jacar-1-onshore-angola-74602.html Fri, 21 Nov 2014 12:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63843/genel-energy-abandons-jacar-1-onshore-angola-74602.html Genel Energy's Hayward says gas is the next step for firm and KRG https://www.proactiveinvestors.co.uk/companies/news/63731/genel-energys-hayward-says-gas-is-the-next-step-for-firm-and-krg--74474.html Genel Energy has its sights set on exploiting and monetising 'very significant' gas resources in the Kurdistan region of Iraq, chief executive Tony Hayward told Proactive in an exclusive interview.

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Tue, 18 Nov 2014 14:14:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63731/genel-energys-hayward-says-gas-is-the-next-step-for-firm-and-krg--74474.html
EXCLUSIVE: Tony Hayward on Isis, possible acquisitions for Genel and his time at BP https://www.proactiveinvestors.co.uk/companies/news/302851/exclusive-tony-hayward-on-isis-possible-acquisitions-for-genel-and-his-time-at-bp-2851.html Tue, 18 Nov 2014 12:57:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/302851/exclusive-tony-hayward-on-isis-possible-acquisitions-for-genel-and-his-time-at-bp-2851.html Genel seals landmark Kurdistan gas deal as it confirms guidance https://www.proactiveinvestors.co.uk/companies/news/63588/genel-seals-landmark-kurdistan-gas-deal-as-it-confirms-guidance--74301.html Kurdistan focused Genel Energy reiterated its end-of-year production as it unveiled breakthrough plans that will ultimately commercialise its gas assets in the country.

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Thu, 13 Nov 2014 15:03:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63588/genel-seals-landmark-kurdistan-gas-deal-as-it-confirms-guidance--74301.html
Genel and GKP - Better to travel than arrive for Kurdistan's oilers? https://www.proactiveinvestors.co.uk/companies/news/63608/genel-and-gkp-better-to-travel-than-arrive-for-kurdistans-oilers-74323.html The old stock market adage that it is better to travel than arrive was revealed to have some credence as investors gave what can best be described as a lukewarm reaction to updates from two of the UK’s Kurdistan-focused oilers.

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Thu, 13 Nov 2014 12:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63608/genel-and-gkp-better-to-travel-than-arrive-for-kurdistans-oilers-74323.html
Genel says Morocco well plugged after reservoir damage; oil found https://www.proactiveinvestors.co.uk/companies/news/63591/genel-says-morocco-well-plugged-after-reservoir-damage-oil-found--74304.html Thu, 13 Nov 2014 07:32:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63591/genel-says-morocco-well-plugged-after-reservoir-damage-oil-found--74304.html UPDATE - Kurdistan-focused explorers boosted by oil export news https://www.proactiveinvestors.co.uk/companies/news/63473/update-kurdistan-focused-explorers-boosted-by-oil-export-news-74167.html Shares in the UK’s three main Kurdistan-focused explorers were given a boost by news the regional government is about to start payments for oil exports.

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Mon, 10 Nov 2014 15:07:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63473/update-kurdistan-focused-explorers-boosted-by-oil-export-news-74167.html
UPDATE - Genel Energy staff returning to Kurdistan as security situation eases https://www.proactiveinvestors.co.uk/companies/news/61511/update-genel-energy-staff-returning-to-kurdistan-as-security-situation-eases-71988.html Apparently buoyed with confidence after today’s announcement City broker Westhouse kicked off its coverage of Genel with a ‘buy’ and a £10.00 price target.

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Mon, 08 Sep 2014 10:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/61511/update-genel-energy-staff-returning-to-kurdistan-as-security-situation-eases-71988.html
Genel Energy staff returning to Kurdistan as security situation eases https://www.proactiveinvestors.co.uk/companies/news/61500/genel-energy-staff-returning-to-kurdistan-as-security-situation-eases-71976.html Mon, 08 Sep 2014 06:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/61500/genel-energy-staff-returning-to-kurdistan-as-security-situation-eases-71976.html UPDATE - Genel Energy's Angola well fails to find oil or gas https://www.proactiveinvestors.co.uk/companies/news/61415/update-genel-energys-angola-well-fails-to-find-oil-or-gas-71881.html Thu, 04 Sep 2014 10:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/61415/update-genel-energys-angola-well-fails-to-find-oil-or-gas-71881.html Genel Energy buys back second chunk of shares https://www.proactiveinvestors.co.uk/companies/news/60893/genel-energy-buys-back-second-chunk-of-shares-71327.html Fri, 15 Aug 2014 07:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/60893/genel-energy-buys-back-second-chunk-of-shares-71327.html Genel Energy launches buyback, confident on security of Kurdistan assets https://www.proactiveinvestors.co.uk/companies/news/60860/genel-energy-launches-buyback-confident-on-security-of-kurdistan-assets-71294.html Thu, 14 Aug 2014 09:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/60860/genel-energy-launches-buyback-confident-on-security-of-kurdistan-assets-71294.html Genel Energy says producing Kurdistan oilfields are safe and secure https://www.proactiveinvestors.co.uk/companies/news/60693/genel-energy-says-producing-kurdistan-oilfields-are-safe-and-secure-71118.html Fri, 08 Aug 2014 09:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/60693/genel-energy-says-producing-kurdistan-oilfields-are-safe-and-secure-71118.html Genel Energy due US$40mln from Kurdistan oil exports https://www.proactiveinvestors.co.uk/companies/news/60590/genel-energy-due-us40mln-from-kurdistan-oil-exports-71000.html “The KRG has successfully sold oil exported through Ceyhan at international prices, and we expect our production to increase further in the second half of the year as sales become regular and payments predictable,” CEO Tony Hayward said.

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Tue, 05 Aug 2014 07:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/60590/genel-energy-due-us40mln-from-kurdistan-oil-exports-71000.html
UPDATE - Genel Energy says operations unaffected by Iraq unrest https://www.proactiveinvestors.co.uk/companies/news/59682/update-genel-energy-says-operations-unaffected-by-iraq-unrest-70054.html Brokers said the solid production update offset a mixed exploration performance with a dry well offshore Malta and unsuccessful flow test on a deep well at Taq Taq

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Thu, 03 Jul 2014 10:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59682/update-genel-energy-says-operations-unaffected-by-iraq-unrest-70054.html
Genel Energy says operations unaffected by Iraq unrest https://www.proactiveinvestors.co.uk/companies/news/59670/genel-energy-says-operations-unaffected-by-iraq-unrest-70041.html Thu, 03 Jul 2014 06:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59670/genel-energy-says-operations-unaffected-by-iraq-unrest-70041.html Greater autonomy for Kurdistan in focus as plans to accelerate oil exports https://www.proactiveinvestors.co.uk/companies/news/59311/greater-autonomy-for-kurdistan-in-focus-as-plans-to-accelerate-oil-exports-69664.html The ongoing conflict in Iraq could lead to less dependence on Baghdad by semi-autonomous region Kurdistan, which is planning a ramp-up in its oil exports.

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Fri, 20 Jun 2014 11:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59311/greater-autonomy-for-kurdistan-in-focus-as-plans-to-accelerate-oil-exports-69664.html
Genel Energy - Tawke field produced 120,000 barrels a day in May https://www.proactiveinvestors.co.uk/companies/news/58852/genel-energy-tawke-field-produced-120000-barrels-a-day-in-may-69179.html Thu, 05 Jun 2014 09:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58852/genel-energy-tawke-field-produced-120000-barrels-a-day-in-may-69179.html Genel Energy: Kurdistan oil export sales are now underway https://www.proactiveinvestors.co.uk/companies/news/58520/genel-energy-kurdistan-oil-export-sales-are-now-underway-68808.html “With resources of around 1.6Bn barrels oil equivalent Genel is well positioned as exports begin,” UBS analyst Daniel Ekstein said in a note.

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Fri, 23 May 2014 12:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58520/genel-energy-kurdistan-oil-export-sales-are-now-underway-68808.html
Genel Energy completes US$500mln bond issue https://www.proactiveinvestors.co.uk/companies/news/58317/genel-energy-completes-us500mln-bond-issue-68597.html Fri, 16 May 2014 12:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58317/genel-energy-completes-us500mln-bond-issue-68597.html Kurdistan oil exports “just around corner” says Deutsche Bank https://www.proactiveinvestors.co.uk/companies/news/58192/kurdistan-oil-exports-just-around-corner-says-deutsche-bank-68463.html The Kurdistan region of Iraq is set become a major exporter of oil, says Deutsche Bank analyst Tom Robinson, who today identified Genel Energy and Gulf Keystone as ‘top picks’ in the region.

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Tue, 13 May 2014 10:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58192/kurdistan-oil-exports-just-around-corner-says-deutsche-bank-68463.html
Takeover fever spreads to junior oil sector https://www.proactiveinvestors.co.uk/companies/news/57926/takeover-fever-spreads-to-junior-oil-sector--68185.html Analysts suggest the much-awaited and predicted consolidation among the junior oil sector has begun.

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Mon, 05 May 2014 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57926/takeover-fever-spreads-to-junior-oil-sector--68185.html
Genel Energy to raise US$500mln through bond issue https://www.proactiveinvestors.co.uk/companies/news/57862/genel-energy-to-raise-us500mln-through-bond-issue-68120.html Thu, 01 May 2014 06:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57862/genel-energy-to-raise-us500mln-through-bond-issue-68120.html BIG PICTURE - Genel set to benefit as Kurdistan's PM insists oil exports will happen imminently https://www.proactiveinvestors.co.uk/companies/news/57831/big-picture-genel-set-to-benefit-as-kurdistans-pm-insists-oil-exports-will-happen-imminently--68087.html Here in the UK we have a small, but hardy band of oil companies that have taken on the challenge of Kurdistan. They include companies such as Genel Energy, Gulf Keystone and Petroceltic. For Genel, the turning on of the oil taps will have a direct impact financially rather than simply improving the way investors view the investment proposition. 

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Wed, 30 Apr 2014 11:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57831/big-picture-genel-set-to-benefit-as-kurdistans-pm-insists-oil-exports-will-happen-imminently--68087.html
Genel Energy plans US$400mln bond issue https://www.proactiveinvestors.co.uk/companies/news/57686/genel-energy-plans-us400mln-bond-issue--67938.html Fri, 25 Apr 2014 13:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57686/genel-energy-plans-us400mln-bond-issue--67938.html Genel Energy's production up by more than a third https://www.proactiveinvestors.co.uk/companies/news/57541/genel-energys-production-up-by-more-than-a-third-67779.html Tue, 22 Apr 2014 06:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57541/genel-energys-production-up-by-more-than-a-third-67779.html Genel Energy snaps up rare opportunity offshore Angola https://www.proactiveinvestors.co.uk/companies/news/57106/genel-energy-snaps-up-rare-opportunity-offshore-angola-67316.html Genel chief Tony Hayward says the deal is a rare opportunity to enter into a low risk, multi-billion barrel resource play.

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Thu, 03 Apr 2014 10:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57106/genel-energy-snaps-up-rare-opportunity-offshore-angola-67316.html
Genel Energy: Tawke wells begin production at 37,000 barrels per day https://www.proactiveinvestors.co.uk/companies/news/56538/genel-energy-tawke-wells-begin-production-at-37000-barrels-per-day-66725.html Genel Energy has revealed that production has begun from two new horizontal wells on the Tawke oilfield in Iraq’s Kurdistan region.

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Mon, 17 Mar 2014 06:42:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56538/genel-energy-tawke-wells-begin-production-at-37000-barrels-per-day-66725.html
Genel Energy set for drill catalysts as well as possible export boost https://www.proactiveinvestors.co.uk/companies/news/56407/genel-energy-set-for-drill-catalysts-as-well-as-possible-export-boost-66576.html Tue, 11 Mar 2014 14:19:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56407/genel-energy-set-for-drill-catalysts-as-well-as-possible-export-boost-66576.html Genel Energy in a very strong position after "transformational" 2013 https://www.proactiveinvestors.co.uk/companies/news/56273/genel-energy-in-a-very-strong-position-after-transformational-2013-66432.html Last year, in Kurdistan, the group's operational momentum was matched by political developments, chief executive Tony Hayward said.

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Thu, 06 Mar 2014 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56273/genel-energy-in-a-very-strong-position-after-transformational-2013-66432.html
Genel stake in Miran diluted as Kurdistan takes up option https://www.proactiveinvestors.co.uk/companies/news/55950/genel-stake-in-miran-diluted-as-kurdistan-takes-up-option--66093.html Mon, 24 Feb 2014 12:12:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/55950/genel-stake-in-miran-diluted-as-kurdistan-takes-up-option--66093.html UPDATE - Genel Energy to grow oil production by 50% in 2014 https://www.proactiveinvestors.co.uk/companies/news/54816/update-genel-energy-to-grow-oil-production-by-50-in-2014-64864.html "2014 is shaping up to be another very exciting year for Genel," says chief executive Tony Hayward.

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Wed, 15 Jan 2014 12:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/54816/update-genel-energy-to-grow-oil-production-by-50-in-2014-64864.html
Genel Energy shares advance on Kurdistan crude export milestone https://www.proactiveinvestors.co.uk/companies/news/54665/genel-energy-shares-advance-on-kurdistan-crude-export-milestone-64708.html Shares in the Anglo-Turkish oil group are up more than 10% since mid-December, and climbed as much as 6% in today’s trading alone.

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Thu, 09 Jan 2014 13:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/54665/genel-energy-shares-advance-on-kurdistan-crude-export-milestone-64708.html
Kurdistan oil industry is at an inflection point, says Investec https://www.proactiveinvestors.co.uk/companies/news/54033/kurdistan-oil-industry-is-at-an-inflection-point-says-investec-64054.html Tue, 10 Dec 2013 13:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/54033/kurdistan-oil-industry-is-at-an-inflection-point-says-investec-64054.html Genel Energy upgraded by Credit Suisse after 'irreversible progress' in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/53859/genel-energy-upgraded-by-credit-suisse-after-irreversible-progress-in-kurdistan-63874.html Wed, 04 Dec 2013 10:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53859/genel-energy-upgraded-by-credit-suisse-after-irreversible-progress-in-kurdistan-63874.html Genel Energy One2One Investor Presentation 13th November 2013 https://www.proactiveinvestors.co.uk/companies/news/302063/genel-energy-one2one-investor-presentation-13th-november-2013-2321.html Wed, 13 Nov 2013 20:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/302063/genel-energy-one2one-investor-presentation-13th-november-2013-2321.html Proactive Hydrocarbon Forum: Europa Oil & Gas, Genel Energy, IGas, San Leon Energy https://www.proactiveinvestors.co.uk/companies/news/53109/proactive-hydrocarbon-forum-europa-oil-gas-genel-energy-igas-san-leon-energy-63054.html We have an exciting and heavy hitting line-up for our exclusive hydrocarbon event here in London next week.

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Fri, 08 Nov 2013 16:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53109/proactive-hydrocarbon-forum-europa-oil-gas-genel-energy-igas-san-leon-energy-63054.html
Genel Energy's revenue growth is on track, says Tony Hayward https://www.proactiveinvestors.co.uk/companies/news/52796/genel-energys-revenue-growth-is-on-track-says-tony-hayward-62704.html Wed, 30 Oct 2013 07:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/52796/genel-energys-revenue-growth-is-on-track-says-tony-hayward-62704.html Genel Energy happy with Tawke as horizontal well delivers 32,500 barrels a day https://www.proactiveinvestors.co.uk/companies/news/52278/genel-energy-happy-with-tawke-as-horizontal-well-delivers-32500-barrels-a-day-62107.html Genel Energy said the second horizontal well on the Tawke Field in Kurdistan flowed at a record 32,500 barrels a day. Operator DNO International gave the update on Tawke-23, whose performance underscores the prolific nature of this area of Northern Iraq.

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Mon, 14 Oct 2013 06:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/52278/genel-energy-happy-with-tawke-as-horizontal-well-delivers-32500-barrels-a-day-62107.html
Citi paints a rosy picture of Kurdistan oil and gas https://www.proactiveinvestors.co.uk/companies/news/51907/citi-paints-a-rosy-picture-of-kurdistan-oil-and-gas-61692.html Tue, 01 Oct 2013 09:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/51907/citi-paints-a-rosy-picture-of-kurdistan-oil-and-gas-61692.html Genel Energy signs landmark Kurdistan gas supply deal https://www.proactiveinvestors.co.uk/companies/news/51516/genel-energy-signs-landmark-kurdistan-gas-supply-deal--61245.html Agreement is first sign of Kurdistan oil and gas market opeing up and a "win-win situation" for all involved said UK firm's partner. 

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Wed, 18 Sep 2013 14:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/51516/genel-energy-signs-landmark-kurdistan-gas-supply-deal--61245.html
UPDATE - Genel partner begins testing second horizontal well on Kurdistan's Tawke Field https://www.proactiveinvestors.co.uk/companies/news/51411/update-genel-partner-begins-testing-second-horizontal-well-on-kurdistans-tawke-field-61129.html Genel Energy said DNO International, its partner and operator of the Tawke Field, in Kurdistan, has begun extensive testing of its latest exploration well. Tawke-23 is the pair’s second horizontal well and encountered “continuous oil shows” across 930 metres in the main Cretaceous reservoir.

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Mon, 16 Sep 2013 09:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/51411/update-genel-partner-begins-testing-second-horizontal-well-on-kurdistans-tawke-field-61129.html
Genel Energy expected to farm down interest in Miran, says broker https://www.proactiveinvestors.co.uk/companies/news/51057/genel-energy-expected-to-farm-down-interest-in-miran-says-broker-60727.html Wed, 04 Sep 2013 09:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/51057/genel-energy-expected-to-farm-down-interest-in-miran-says-broker-60727.html UPDATE - Genel milestone paves the way for exports from Kurdistan gas field https://www.proactiveinvestors.co.uk/companies/news/50997/update-genel-milestone-paves-the-way-for-exports-from-kurdistan-gas-field-60660.html Kurdistan focused Genel Energy has reached a major milestone that paves the way for gas exports from the semi-autonomous region on Northern Iraq by the year-end. The administration has approved the group’s declaration of commerciality for the Miran field.

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Tue, 03 Sep 2013 10:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50997/update-genel-milestone-paves-the-way-for-exports-from-kurdistan-gas-field-60660.html
UPDATE - Genel Energy acquiring 40% stake in highly prospective Ethiopian oil block https://www.proactiveinvestors.co.uk/companies/news/50346/update-genel-energy-acquiring-40-stake-in-highly-prospective-ethiopian-oil-block-59915.html Genel Energy is to acquire a 40% stake in Ethiopia’s Adigala block from a company called New Age.

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Mon, 12 Aug 2013 11:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50346/update-genel-energy-acquiring-40-stake-in-highly-prospective-ethiopian-oil-block-59915.html
Citi says Genel Energy is on-track and making progress on sustainable exports https://www.proactiveinvestors.co.uk/companies/news/50133/citi-says-genel-energy-is-on-track-and-making-progress-on-sustainable-exports-59686.html “We have been positive on the recent developments in Kurdistan, which has led to good year to date performance for Genel,” Citi analyst Michael Alsford said in a note.

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Fri, 02 Aug 2013 12:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50133/citi-says-genel-energy-is-on-track-and-making-progress-on-sustainable-exports-59686.html
Genel Energy to benefit from Kurdistan-Turkey gas deal https://www.proactiveinvestors.co.uk/companies/news/50027/genel-energy-to-benefit-from-kurdistan-turkey-gas-deal-59561.html "Genel has had a strong first half of the year making material progress in exploration, appraisal and development,” said chief executive Tony Hayward.

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Wed, 31 Jul 2013 06:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50027/genel-energy-to-benefit-from-kurdistan-turkey-gas-deal-59561.html
Genel Energy: UBS excited by horizontal well results in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/49796/genel-energy-ubs-excited-by-horizontal-well-results-in-kurdistan-59296.html Tue, 23 Jul 2013 10:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49796/genel-energy-ubs-excited-by-horizontal-well-results-in-kurdistan-59296.html Genel, Afren, Soco and Africa Oil are Citi's top explorers https://www.proactiveinvestors.co.uk/companies/news/49708/genel-afren-soco-and-africa-oil-are-citis-top-explorers-59199.html East Africa and Kurdistan have tickled the fancy of the oil team at Citi, which explains why Genel and Africa Oil are among its top picks. The American brokerage also said companies that demonstrate plans to actively manage their development portfolios through asset sales and farm-outs could see a re-rating.

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Fri, 19 Jul 2013 11:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49708/genel-afren-soco-and-africa-oil-are-citis-top-explorers-59199.html
Genel Energy upgraded by UBS after ‘excellent’ first half https://www.proactiveinvestors.co.uk/companies/news/49461/genel-energy-upgraded-by-ubs-after-excellent-first-half-58908.html Thu, 11 Jul 2013 12:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49461/genel-energy-upgraded-by-ubs-after-excellent-first-half-58908.html Citi upgrades Genel Energy on prospect of sustainable exports https://www.proactiveinvestors.co.uk/companies/news/48763/citi-upgrades-genel-energy-on-prospect-of-sustainable-exports-58105.html The investment banking heavyweight has upgraded its rating to ‘buy’ from ‘neutral’ and has significantly increased its target price to £11.50 from £8.86.

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Tue, 18 Jun 2013 08:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/48763/citi-upgrades-genel-energy-on-prospect-of-sustainable-exports-58105.html
UPDATE- Genel boosted by Tawke well results; operator excited by data https://www.proactiveinvestors.co.uk/companies/news/48555/update-genel-boosted-by-tawke-well-results-operator-excited-by-data-57858.html Shares in Genel Energy were higher in early trade after encouraging results from the Tawke oil field in Kurdistan, which according to operator DNO could “bump” recoverable reserves above the one billion barrel mark.

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Tue, 11 Jun 2013 08:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/48555/update-genel-boosted-by-tawke-well-results-operator-excited-by-data-57858.html
Genel Energy and Gulf Keystone make new Kurdistan oil discovery https://www.proactiveinvestors.co.uk/companies/news/48198/genel-energy-and-gulf-keystone-make-new-kurdistan-oil-discovery-57441.html "The Ber Bahr well adds a further commercial oil discovery to Genel's already significant resource base,” said Dr John Hurst, Genel’s head of exploration.

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Thu, 30 May 2013 06:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/48198/genel-energy-and-gulf-keystone-make-new-kurdistan-oil-discovery-57441.html
Kurdistan pipeline to open up new oil frontier https://www.proactiveinvestors.co.uk/companies/news/48086/kurdistan-pipeline-to-open-up-new-oil-frontier-57312.html The completion of Kurdistan’s oil pipeline north through Turkey is understood to now be almost within touching distance.

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Fri, 24 May 2013 14:35:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/48086/kurdistan-pipeline-to-open-up-new-oil-frontier-57312.html
Genel and partner prepare to drill Malta well in Q4 as rig is contracted https://www.proactiveinvestors.co.uk/companies/news/48019/genel-and-partner-prepare-to-drill-malta-well-in-q4-as-rig-is-contracted-57234.html  

Genel Energy has contracted a rig to drill the first well on highly prospective offshore acreage around Malta.

The Noble Paul Romano semi-submersible platform is currently in Valletta undergoing work, but is expected to be in position some time in the fourth quarter.

 

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Thu, 23 May 2013 07:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/48019/genel-and-partner-prepare-to-drill-malta-well-in-q4-as-rig-is-contracted-57234.html
Investec sees "pockets of value" in the oil exploration sector https://www.proactiveinvestors.co.uk/companies/news/47485/investec-sees-pockets-of-value-in-the-oil-exploration-sector-56613.html Broker Investec has adopted what it calls a “cautiously constructive approach” to oil exploration and production in which it sees pockets of value emerging from the sector

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Tue, 07 May 2013 10:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47485/investec-sees-pockets-of-value-in-the-oil-exploration-sector-56613.html
Genel Energy secures rig for African offshore drilling programme https://www.proactiveinvestors.co.uk/companies/news/47336/genel-energy-secures-rig-for-african-offshore-drilling-programme-56434.html Wed, 01 May 2013 09:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47336/genel-energy-secures-rig-for-african-offshore-drilling-programme-56434.html Genel Energy reveals second test success on Chia Surkh discovery https://www.proactiveinvestors.co.uk/companies/news/47123/genel-energy-reveals-second-test-success-on-chia-surkh-discovery-56192.html Thu, 25 Apr 2013 06:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47123/genel-energy-reveals-second-test-success-on-chia-surkh-discovery-56192.html Genel Energy shares advance as gas discovery puts spotlight on Kurdistan https://www.proactiveinvestors.co.uk/companies/news/47116/genel-energy-shares-advance-as-gas-discovery-puts-spotlight-on-kurdistan-56179.html Wed, 24 Apr 2013 14:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47116/genel-energy-shares-advance-as-gas-discovery-puts-spotlight-on-kurdistan-56179.html Genel Energy eyes transformational changes in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/47021/genel-energy-eyes-transformational-changes-in-kurdistan-56068.html “I don’t think this is something the market could have ever envisaged a few months ago,” said Genel Energy's Julian Metherell of Kurdistan's plan to export oil via neighbouring Turkey. The move would utterly transform the hydrocarbons industry of the semi-autonomous region of Iraq and with it the fortunes of producers such as Genel.

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Mon, 22 Apr 2013 11:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47021/genel-energy-eyes-transformational-changes-in-kurdistan-56068.html
Genel Energy set for "highly significant" year https://www.proactiveinvestors.co.uk/companies/news/47004/genel-energy-set-for-highly-significant-year-56053.html Mon, 22 Apr 2013 07:06:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47004/genel-energy-set-for-highly-significant-year-56053.html Genel Energy targeting 140,000bopd in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/301731/genel-energy-targeting-140000bopd-in-kurdistan--1930.html Mon, 22 Apr 2013 07:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/301731/genel-energy-targeting-140000bopd-in-kurdistan--1930.html Genel Energy has significant exploration and production potential, says broker https://www.proactiveinvestors.co.uk/companies/news/46881/genel-energy-has-significant-exploration-and-production-potential-says-broker-55911.html VSA Capital has initiated coverage of Genel Energy with a ‘buy’ recommendation and £12 a share price target, based on the firm's producing and near-term development assets, and including exploration and gas projects adds another 917 pence to that already-bullish number.

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Wed, 17 Apr 2013 12:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/46881/genel-energy-has-significant-exploration-and-production-potential-says-broker-55911.html
Genel Energy advances on new Kurdistan oil discovery https://www.proactiveinvestors.co.uk/companies/news/46662/genel-energy-advances-on-new-kurdistan-oil-discovery-55659.html Wed, 10 Apr 2013 09:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/46662/genel-energy-advances-on-new-kurdistan-oil-discovery-55659.html Genel Energy to benefit from Turkey’s growing influence in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/45469/genel-energy-to-benefit-from-turkeys-growing-influence-in-kurdistan-54242.html The Anglo-Turkish oil firm is one of Kurdistan’s few oil producers, and as such it would be a key beneficiary of the new pipeline that’s in development and promises to unlock a new export route

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Thu, 28 Feb 2013 10:29:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/45469/genel-energy-to-benefit-from-turkeys-growing-influence-in-kurdistan-54242.html
Genel upbeat on revenues and Iraq exports https://www.proactiveinvestors.co.uk/companies/news/44075/genel-upbeat-on-revenues-and-iraq-exports-52602.html Fri, 18 Jan 2013 07:07:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/44075/genel-upbeat-on-revenues-and-iraq-exports-52602.html Genel Energy again expands Morocco footprint https://www.proactiveinvestors.co.uk/companies/news/42405/genel-energy-again-expands-morocco-footprint-50600.html Wed, 21 Nov 2012 07:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/42405/genel-energy-again-expands-morocco-footprint-50600.html Genel Energy's Chia Surkh-10 well is one to watch, says Investec https://www.proactiveinvestors.co.uk/companies/news/41740/genel-energys-chia-surkh-10-well-is-one-to-watch-says-investec-49769.html Wed, 31 Oct 2012 14:49:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/41740/genel-energys-chia-surkh-10-well-is-one-to-watch-says-investec-49769.html Genel starts Chia Surkh drilling in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/40976/genel-starts-chia-surkh-drilling-in-kurdistan-48865.html Mon, 08 Oct 2012 08:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/40976/genel-starts-chia-surkh-drilling-in-kurdistan-48865.html Genel's week of deals gives it impressive exploration hopper says broker https://www.proactiveinvestors.co.uk/companies/news/39628/genels-week-of-deals-gives-it-impressive-exploration-hopper-says-broker-47312.html The company’s master plan will be unveiled in October when Hayward and the Genel team host a strategy day for analysts.

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Mon, 27 Aug 2012 12:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39628/genels-week-of-deals-gives-it-impressive-exploration-hopper-says-broker-47312.html
Genel Energy seals Morocco farm-in with Serica, San Leon and Longreach Oil & Gas https://www.proactiveinvestors.co.uk/companies/news/39555/genel-energy-seals-morocco-farm-in-with-serica-san-leon-and-longreach-oil-gas-47230.html Tony Hayward’s Anglo-Turkish oil firm Genel Energy has struck a deal to acquire a 60 per cent interest in the Sidi Moussa offshore block, in Morocco. The deal, with a group of three junior explorers, is one of three Genel has agreed this week.

 

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Thu, 23 Aug 2012 06:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39555/genel-energy-seals-morocco-farm-in-with-serica-san-leon-and-longreach-oil-gas-47230.html
City analysts say Heritage-Genel deal for Miran gas project is 'impressive transaction' https://www.proactiveinvestors.co.uk/companies/news/39526/city-analysts-say-heritage-genel-deal-for-miran-gas-project-is-impressive-transaction-47194.html Yesterday’s deal for the possible sale of the Miran gas project was an impressive transaction for Heritage Oil, according to analysts at UBS.

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Wed, 22 Aug 2012 12:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39526/city-analysts-say-heritage-genel-deal-for-miran-gas-project-is-impressive-transaction-47194.html
Genel Energy strikes deal to increase stake in Miran West gas discovery https://www.proactiveinvestors.co.uk/companies/news/39446/genel-energy-strikes-deal-to-increase-stake-in-miran-west-gas-discovery-47094.html Genel Energy has again increased its interests in Iraqi Kurdistan with a US$156 million deal to buy a further 26 per cent stake in the Miran West gas discovery from Heritage Oil. And it could ultimately acquire the whole project.

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Tue, 21 Aug 2012 07:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39446/genel-energy-strikes-deal-to-increase-stake-in-miran-west-gas-discovery-47094.html
Genel Energy downgraded by Goldman Sachs as it updates list for E&Ps https://www.proactiveinvestors.co.uk/companies/news/39345/genel-energy-downgraded-by-goldman-sachs-as-it-updates-list-for-eps-46987.html Kurdistan-focused Genel Energy has today been downgraded by Goldman Sachs due to the oil firm's recent strong performance.

 

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Fri, 17 Aug 2012 12:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39345/genel-energy-downgraded-by-goldman-sachs-as-it-updates-list-for-eps-46987.html
Genel Energy: Bina Bawi could be another Taq Taq, says Oriel https://www.proactiveinvestors.co.uk/companies/news/38950/-genel-energy-bina-bawi-could-be-another-taq-taq-says-oriel--46527.html Tue, 07 Aug 2012 12:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38950/-genel-energy-bina-bawi-could-be-another-taq-taq-says-oriel--46527.html Genel Energy tops up Kurdistan interests with US$240 mln deal https://www.proactiveinvestors.co.uk/companies/news/38906/genel-energy-tops-up-kurdistan-interests-with-us240-mln-deal-46482.html Through a deal with Hawler Energy it has bought an additional 21 per cent stake in the Bina Bawi exploration block, which lies adjacent to the firm’s producing Taq Taq oil field.

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Mon, 06 Aug 2012 13:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38906/genel-energy-tops-up-kurdistan-interests-with-us240-mln-deal-46482.html
Genel Energy: Peshkabir well hits oil and water https://www.proactiveinvestors.co.uk/companies/news/37724/genel-energy-peshkabir-well-hits-oil-and-water-45097.html Thu, 05 Jul 2012 07:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/37724/genel-energy-peshkabir-well-hits-oil-and-water-45097.html Turkey's support in Iraqi Kurdistan to encourage oil companies - Credit Suisse https://www.proactiveinvestors.co.uk/companies/news/37346/turkeys-support-in-iraqi-kurdistan-to-encourage-oil-companies-credit-suisse-44645.html Turkey’s involvement in Iraqi Kurdistan’s emerging oil industry should encourage more international oil companies to enter the semi-autonomous region, according to Credit Suisse.

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Tue, 26 Jun 2012 11:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/37346/turkeys-support-in-iraqi-kurdistan-to-encourage-oil-companies-credit-suisse-44645.html
Turkey's pipeline plans could be transformational for oil explorers in Iraqi Kurdistan https://www.proactiveinvestors.co.uk/companies/news/36546/turkeys-pipeline-plans-could-be-transformational-for-oil-explorers-in-iraqi-kurdistan--43691.html Iraq is home to some of the world’s largest oil finds. But the exploration companies based in Kurdistan, in northern Iraq, have been unable to capitalise on their position due to the political tension between Erbil and Baghdad.

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Sat, 02 Jun 2012 11:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/36546/turkeys-pipeline-plans-could-be-transformational-for-oil-explorers-in-iraqi-kurdistan--43691.html
Genel Energy on track as production increases https://www.proactiveinvestors.co.uk/companies/news/35974/genel-energy-on-track-as-production-increases-43008.html Fri, 18 May 2012 08:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/35974/genel-energy-on-track-as-production-increases-43008.html Genel Energy increases Chia Surkh stake to 60 pct https://www.proactiveinvestors.co.uk/companies/news/35347/genel-energy-increases-chia-surkh-stake-to-60-pct-42199.html Tue, 01 May 2012 08:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/35347/genel-energy-increases-chia-surkh-stake-to-60-pct-42199.html Genel Energy to fast-track exploration and appraisal projects in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/33959/genel-energy-to-fast-track-exploration-and-appraisal-projects-in-kurdistan-40477.html Tue, 20 Mar 2012 08:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/33959/genel-energy-to-fast-track-exploration-and-appraisal-projects-in-kurdistan-40477.html Ex-BP chief Tony Hayward set for Genel windfall https://www.proactiveinvestors.co.uk/companies/news/31902/ex-bp-chief-tony-hayward-set-for-genel-windfall-38050.html Former BP chief executive Tony Hayward is one of three directors who will share an almost £160 million payout after exercising a right to a 6.67 percent stake in Genel Energy.


 

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Fri, 20 Jan 2012 07:51:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/31902/ex-bp-chief-tony-hayward-set-for-genel-windfall-38050.html
Genel Energy ties up Chia Surkh deal https://www.proactiveinvestors.co.uk/companies/news/31671/genel-energy-ties-up-chia-surkh-deal-37816.html Mon, 16 Jan 2012 07:12:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/31671/genel-energy-ties-up-chia-surkh-deal-37816.html Investec bullish on Genel Energy as Kurdistan risks diminish https://www.proactiveinvestors.co.uk/companies/news/31639/investec-bullish-on-genel-energy-as-kurdistan-risks-diminish-37778.html Fri, 13 Jan 2012 09:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/31639/investec-bullish-on-genel-energy-as-kurdistan-risks-diminish-37778.html Genel Energy looks to boost oil production at Tawke field https://www.proactiveinvestors.co.uk/companies/news/31496/genel-energy-looks-to-boost-oil-production-at-tawke-field-37631.html Tue, 10 Jan 2012 07:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/31496/genel-energy-looks-to-boost-oil-production-at-tawke-field-37631.html Genel confirms talks over Chia Surkh acquisition in Kurdistan https://www.proactiveinvestors.co.uk/companies/news/31110/genel-confirms-talks-over-chia-surkh-acquisition-in-kurdistan-37194.html Genel Energy, the company run by former BP boss Tony Hayward, has confirmed it is trying to increase its presence in Kurdistan. In a statement, Genel said it is negotiating to buy an additional 40 per cent stake in the Chia Surkh oilfield in Kurdistan from Longford Energy, though it added there was no certainty it will agree a deal.

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Wed, 21 Dec 2011 08:12:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/31110/genel-confirms-talks-over-chia-surkh-acquisition-in-kurdistan-37194.html
Genel Energy is "attractive proposition" for long term investors, says Credit Suisse https://www.proactiveinvestors.co.uk/companies/news/30714/genel-energy-is-attractive-proposition-for-long-term-investors-says-credit-suisse-36734.html Thu, 08 Dec 2011 09:57:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/30714/genel-energy-is-attractive-proposition-for-long-term-investors-says-credit-suisse-36734.html Genel Energy resumes trading in London after completing Kurdistan acquisition https://www.proactiveinvestors.co.uk/companies/news/30016/genel-energy-resumes-trading-in-london-after-completing-kurdistan-acquisition-35889.html Mon, 21 Nov 2011 10:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/30016/genel-energy-resumes-trading-in-london-after-completing-kurdistan-acquisition-35889.html