Genel Energy (GENL)

Sector:

Energy Producers

92.70p
   
  • Change Today:
      2.90p
  • 52 Week High: 119.60
  • 52 Week Low: 64.90
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 547,032
  • Market Cap: £259.01m

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Genel Energy reports ramp up of production from Tawke field

By Alexander Bueso

Date: Monday 16 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Genel Energy announced that crude oil output from the Tawke field in Iraq's Kurdistan region was continuing to ramp up.
Gross production from Tawke reached 25,984 barrels of oil per day during the third quarter.

The field, which was operated by DNO ASA, had been shutdown on 25 March following the closure of the Iraq-Turkiye pipeline.

During the same period one year before Tawke had produced 109,054 bopd.

Genel had a 25% working interest in the field.

"The contractor share of crude oil from the field during the quarter sold to local buyers with payments [was] received directly in advance.

"No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye."

As of 1204 BST, shares of Genel Energy were edging up by 1.43% to 82.06p.

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Genel Energy Market Data

Currency UK Pounds
Share Price 92.70p
Change Today 2.90p
% Change 3.23 %
52 Week High 119.60
52 Week Low 64.90
Volume 547,032
Shares Issued 279.40m
Market Cap £259.01m

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
2.63% below the sector average2.63% below the sector average2.63% below the sector average2.63% below the sector average2.63% 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
30.86% above the sector average30.86% above the sector average30.86% above the sector average30.86% above the sector average30.86% 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
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% 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 13-May-2024

Time Volume / Share Price
16:39 5,000 @ 92.70p
16:35 18,163 @ 92.70p
16:35 147 @ 92.70p
16:35 743 @ 92.70p
16:35 269 @ 92.70p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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