Genel Energy (GENL)

Sector:

Energy Producers

51.70p
   
  • Change Today:
      0.20p
  • 52 Week High: 101.60p
  • 52 Week Low: 50.20p
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 521,746
  • Market Cap: £144.45m

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 51.70p
Change Today 0.20p
% Change 0.39 %
52 Week High 101.60p
52 Week Low 50.20p
Volume 521,746
Shares Issued 279.40m
Market Cap £144.45m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.66% above the market average56.66% above the market average56.66% above the market average56.66% above the market average56.66% above the market average
2.78% below the sector average2.78% below the sector average2.78% below the sector average2.78% below the sector average2.78% below the sector average
Price Trend
73.69% below the market average73.69% below the market average73.69% below the market average73.69% below the market average73.69% below the market average
36.99% below the sector average36.99% below the sector average36.99% below the sector average36.99% below the sector average36.99% below the sector average
Income Not Available
Growth
44.16% below the market average44.16% below the market average44.16% below the market average44.16% below the market average44.16% below the market average
52.17% below the sector average52.17% below the sector average52.17% below the sector average52.17% below the sector average52.17% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
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 06-Jun-2025

Time Volume / Share Price
16:35 10,902 @ 51.70p
16:35 697 @ 51.70p
16:35 542 @ 51.70p
16:35 8,503 @ 51.70p
16:35 1 @ 51.70p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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