Genel Energy PLC: Trading and operations update
Genel Energy PLC (GENL) 12 May 2022
Genel Energy plc
Trading and operations update
Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today.
Bill Higgs, Chief Executive of Genel, said: “Our robust financial position continues to strengthen, supporting investment in our organic portfolio as well as our progressive dividend. Despite the result of Sarta-5, the well delivered useful data that we will incorporate together with the results of our next well, Sarta-6, into our forward plans for the field. As we look to add production and further bolster our progressive dividend and create value for stakeholders, we continue to review both organic and inorganic opportunities.”
FINANCIAL PERFORMANCE
PRODUCTION
PRE-PRODUCTION
ESG
2022 OUTLOOK AND GUIDANCE
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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 progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com
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ISIN: | JE00B55Q3P39, NO0010894330 |
Category Code: | MSCH |
TIDM: | GENL |
LEI Code: | 549300IVCJDWC3LR8F94 |
Sequence No.: | 161114 |
EQS News ID: | 1350333 |
End of Announcement | EQS News Service |
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