Shares in Genel Energy were trading down 3.5 percent on Thursday morning following the company's trading and operations update in respect of the third quarter and first nine months of 2021. The company said it now expects production in the year to be slightly below the 2020 average of 31,980 bopd. Bill Higgs, Chief Executive […]
Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2021. Genel’s low-cost and high-margin production continues to generate material positive cash flow. Drilling is back underway at Tawke, and drilling operations at Peshkabir, Sarta, and Qara Dagh are ongoing.
By John Lee. Shares in Genel Energy fell more than 15 percent in mid-morning trading after the company announced that the Kurdistan Regional Government (KRG) intends to terminate its contracts at Bina Bawi and Miran. In a statement, the company said: "Genel has received notice from the Ministry of Natural Resources of the Kurdistan Regional […]
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