Genel Energy (GENL)

Sector:

Energy Producers

94.20p
   
  • Change Today:
      2.10p
  • 52 Week High: 118.20
  • 52 Week Low: 64.90
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 388,622
  • Market Cap: £263.20m

Genel Energy updates on progress at Tawke

By Josh White

Date: Thursday 10 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Genel Energy updated the market on licence activity at the Tawke production sharing contract on Thursday, where it has a 25% working interest with operator DNO.
The London-listed firm said gross production at Tawke averaged 108,700 barrels of oil per day in 2021, with the Peshkabir field contributing 61,800 barrels per day, and the Tawke field 46,900 barrels per day.

Drilling at the Tawke field resumed in the third quarter after an 18-month pause, during which time production decline was partially offset by gas injection and workovers.

Genel said DNO was expecting the ramp-up in drilling activities to maintain Tawke licence gross production at around 105,000 barrels per day during 2022.

"In 2021, a total of 7.6 billion cubic feet of otherwise flared Peshkabir gas was captured and injected into the Tawke field in 2021," the board said in its update.

At 0948 GMT, shares in Genel Energy were down 1.12% at 143.37p.

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Genel Energy Market Data

Currency UK Pounds
Share Price 94.20p
Change Today 2.10p
% Change 2.28 %
52 Week High 118.20
52 Week Low 64.90
Volume 388,622
Shares Issued 279.40m
Market Cap £263.20m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.59% above the market average36.59% above the market average36.59% above the market average36.59% above the market average36.59% above the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Price Trend
12.89% below the market average12.89% below the market average12.89% below the market average12.89% below the market average12.89% below the market average
37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average
Income
13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Growth
21.71% below the market average21.71% below the market average21.71% below the market average21.71% below the market average21.71% below the market average
80.39% below the sector average80.39% below the sector average80.39% below the sector average80.39% below the sector average80.39% 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 07-Jun-2024

Time Volume / Share Price
16:37 20,000 @ 94.20p
16:35 56,564 @ 94.20p
16:35 586 @ 94.20p
16:35 970 @ 94.20p
16:35 392 @ 94.20p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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