Genel Energy (GENL)

Sector:

Energy Producers

90.00p
   
  • Change Today:
    -1.90p
  • 52 Week High: 119.60
  • 52 Week Low: 64.90
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 190,864
  • Market Cap: £251.46m

Genel Energy nears completion on TT-34 well at Taq Taq

By Josh White

Date: Monday 06 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Genel Energy updated the market on activity at the Taq Taq field on Monday, where it has a 44% working interest, as testing of the TT-34 well neared completion.
The London-listed firm said the well had produced from all zones tested, at a maximum combined flow rate of over 3,900 barrels of oil per day with a 28/64 inch choke.

It said that, with the inclusion of test production, gross production from the Taq Taq field was currently around 13,650 barrels of oil per day.

The board said individual zone testing was now underway, which would determine the long-term production strategy.

Genel said it expected the well to be placed on production around the middle of January, with an initial flow rate of between 1,500 and 2,000 barrels of oil per day.

"The rig has moved to drill the TT-35 well, also on the northern flank of the field, which is now preparing to spud," Genel said in its statement.

At 1005 GMT, shares in Genel Energy were down 1.84% at 179.62p.

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Genel Energy Market Data

Currency UK Pounds
Share Price 90.00p
Change Today -1.90p
% Change -2.07 %
52 Week High 119.60
52 Week Low 64.90
Volume 190,864
Shares Issued 279.40m
Market Cap £251.46m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.31% above the market average38.31% above the market average38.31% above the market average38.31% above the market average38.31% above the market average
14.67% below the sector average14.67% below the sector average14.67% below the sector average14.67% below the sector average14.67% below the sector average
Price Trend
23.59% below the market average23.59% below the market average23.59% below the market average23.59% below the market average23.59% below the market average
27.50% above the sector average27.50% above the sector average27.50% above the sector average27.50% above the sector average27.50% above the sector average
Income
19.25% above the market average19.25% above the market average19.25% above the market average19.25% above the market average19.25% above the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Growth
20.89% below the market average20.89% below the market average20.89% below the market average20.89% below the market average20.89% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% 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 28-May-2024

Time Volume / Share Price
16:35 10,423 @ 90.00p
16:35 253 @ 90.00p
16:35 330 @ 90.00p
16:35 273 @ 90.00p
16:35 235 @ 90.00p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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