Genel Energy PLC (LSE:GENL, OTC:GEGYY) told investors it had received payments for oil sales during the month of March from the Kurdistan Regional Government, with its share amounting to US$60.6mln.
The company, in a brief statement, noted that some US$24.2mln related to the Tawke field’s production whilst US$15.6mln was from the Tawke override facility, US$13.7mln related to the receivable facility, meanwhile, the Taq Taq and Sarta fields contributed US$2.5mln and US$4.6mln respectively.
It added that Genel is now owed some US$68mln from the KRG for oil sales for the period from November 2019 to February 2020 along with the suspended override from March to December 2020.