Genel Energy PLC (GENL)
12 December 2019
Genel Energy plc
Update on payments
Genel Energy plc ('Genel' or 'the Company') has been informed by the Kurdistan Regional Government's Ministry of Natural Resources ('MNR') that payments relating to invoices for August and September oil production, due in November and December, will be received in January 2020.
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This announcement includes inside information.
Notes to editors:
Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.
|EQS News ID:||934229|
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