Genel Energy (GENL)

Sector:

Energy Producers

83.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 119.60
  • 52 Week Low: 64.90
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 219,626
  • Market Cap: £233.30m

Genel Energy's Sarta-2 well enters production

By Michele Maatouk

Date: Monday 08 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Genel Energy said on Monday that the Sarta-2 well, in which it has a 30% working interest, has entered production, with gross field production now in excess of 10,000 barrels of oil per day.
The oil company said it expects this figure to increase from the existing two producing wells, "as optimisation of facilities configuration continues post production start-up".

The high-impact 2021 appraisal drilling campaign is on track to begin at the start of the second quarter, Genel said, with the Sarta-5 and Sarta-6 wells set to be drilled back to back.

The well is located at the Sarta field, which is in the Kurdistan Region of Iraq.

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Genel Energy Market Data

Currency UK Pounds
Share Price 83.50p
Change Today -0.50p
% Change -0.60 %
52 Week High 119.60
52 Week Low 64.90
Volume 219,626
Shares Issued 279.40m
Market Cap £233.30m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.16% above the market average41.16% above the market average41.16% above the market average41.16% above the market average41.16% above the market average
7.89% below the sector average7.89% below the sector average7.89% below the sector average7.89% below the sector average7.89% below the sector average
Price Trend
55.05% below the market average55.05% below the market average55.05% below the market average55.05% below the market average55.05% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Income
0.75% above the market average0.75% above the market average0.75% above the market average0.75% above the market average0.75% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
20.85% below the market average20.85% below the market average20.85% below the market average20.85% below the market average20.85% below the market average
58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 1
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Genel Energy Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Apr-23 15-Sep-22
Paid 19-May-23 14-Oct-22
Amount 12.00¢ 6.00¢

Trades for 25-Apr-2024

Time Volume / Share Price
16:35 62,793 @ 83.50p
16:35 1 @ 83.50p
16:35 870 @ 83.50p
16:35 486 @ 83.50p
16:35 497 @ 83.50p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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