Genel Energy PLC Receipt of payment for KRI oil exports (0677C)
17 January 2018 - 6:00PM
UK Regulatory
TIDMGENL
RNS Number : 0677C
Genel Energy PLC
17 January 2018
17 January 2018
Genel Energy plc
Receipt of payment for KRI oil exports from the Taq Taq PSC
Genel Energy plc ('Genel' or 'the Company') announces that the
Taq Taq partners have received a gross payment of $10.10 million
from the Kurdistan Regional Government for oil sales during October
2017.
Genel's net share of the payment is $5.55 million.
-ends-
For further information, please contact:
Genel Energy
Phil Corbett, Head of Investor
Relations
Andrew Benbow, Head of Public
Relations +44 20 7659 5100
Vigo Communications
Patrick d'Ancona +44 20 7830 9700
Notes to editors:
Genel Energy is an independent oil and gas exploration and
production company listed on the main market of the London Stock
Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with
headquarters in London and offices in Ankara and Erbil, is one of
the largest London-listed independent oil producers, and is the
largest holder of reserves and resources in the Kurdistan Region of
Iraq. Through its Miran and Bina Bawi gas fields, the Company is
positioned to be a cornerstone provider of KRI gas to Turkey under
the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue
further growth opportunities within the Middle East and Africa. For
further information, please refer to www.genelenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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