Genel Energy (GENL)

Sector:

Energy Producers

94.00p
   
  • Change Today:
      1.30p
  • 52 Week High: 119.60
  • 52 Week Low: 64.90
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 396,284
  • Market Cap: £262.64m

Genel suspends drilling at Qara Dagh well

By Frank Prenesti

Date: Tuesday 04 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Genel Energy has suspended drilling operations at the QD-2 well of the Qara Dagh oil project in the Iraqi Kurdistan, due to "insurmountable technical problems", the company said on Tuesday.
Three sidetracks had been drilled after the miner hit more complex geology above the target reservoir than expected.

Genel, which holds a 40% working stake in the project, added that the licence partners had decided that it was "impractical to continue the drilling operations from this wellbore in an attempt to reach the primary objective".

"It is of course not the outcome that we wanted, but the geological case for Qara Dagh remains intact and attractive," said chief executive Bill Higgs.

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Genel Energy Market Data

Currency UK Pounds
Share Price 94.00p
Change Today 1.30p
% Change 1.40 %
52 Week High 119.60
52 Week Low 64.90
Volume 396,284
Shares Issued 279.40m
Market Cap £262.64m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.60% above the market average37.60% above the market average37.60% above the market average37.60% above the market average37.60% 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
40.12% below the market average40.12% below the market average40.12% below the market average40.12% below the market average40.12% below the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average
Income
19.14% above the market average19.14% above the market average19.14% above the market average19.14% above the market average19.14% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Growth
21.4% below the market average21.4% below the market average21.4% below the market average21.4% below the market average21.4% below the market average
73.08% below the sector average73.08% below the sector average73.08% below the sector average73.08% below the sector average73.08% 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 14-May-2024

Time Volume / Share Price
13:13 0 @ 94.30p
13:13 0 @ 94.30p
12:47 50,000 @ 93.90p
12:47 1,957 @ 94.00p
12:42 233 @ 93.90p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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