Genel Energy PLC: Receipt of payments for KRI oil sales (1300083)
March 11 2022 - 2:09AM
UK Regulatory
Genel Energy PLC (GENL) Genel Energy PLC: Receipt of payments
for KRI oil sales 11-March-2022 / 07:09 GMT/BST Dissemination of a
Regulatory Announcement, transmitted by EQS Group. The issuer is
solely responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
11 March 2022
Genel Energy plc
Receipt of payments for KRI oil sales
Genel Energy plc ('Genel' or 'the Company') announces that all
payments have now been received from the Kurdistan Regional
Government ('KRG') relating to oil sales during November 2021.
Genel's share of those payments is as follows:
(all figures USD million) Payment
Tawke 16.9
Tawke override 10.4
Taq Taq 2.0
Sarta 2.4
Receivable recovery 6.2
Total 37.9
Following the receipt of the receivable recovery payment, Genel
is now owed USD111 million from the KRG for oil sales from November
2019 to February 2020 and the suspended override from March to
December 2020.
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Consulting
+44 20 7390 0230
Patrick d'Ancona
Notes to editors:
Genel Energy is a socially responsible oil producer listed on
the main market of the London Stock Exchange (LSE: GENL, LEI:
549300IVCJDWC3LR8F94). The Company is one of the largest
London-listed independent hydrocarbon producers, with an asset
portfolio that positions us well for a future of fewer and better
natural resources projects. Genel has low-cost and low-carbon
production from the Sarta, Taq Taq, and Tawke licences in the
Kurdistan Region of Iraq, providing financial resilience that
allows investment in growth and the payment of a material and
sustainable dividend, even at a low oil price. Genel also continues
to pursue further growth opportunities. For further information,
please refer to www.genelenergy.com.
-----------------------------------------------------------------------------------------------------------------------
ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 148359
EQS News ID: 1300083
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1300083&application_name=news
(END) Dow Jones Newswires
March 11, 2022 02:09 ET (07:09 GMT)
Genel Energy (LSE:GENL)
Historical Stock Chart
From Sep 2024 to Oct 2024
Genel Energy (LSE:GENL)
Historical Stock Chart
From Oct 2023 to Oct 2024