Genel Energy (GENL)

Sector:

Energy Producers

59.90p
   
  • Change Today:
    -2.10p
  • 52 Week High: 88.10p
  • 52 Week Low: 50.50p
  • Currency: UK Pounds
  • Shares Issued: 279.40m
  • Volume: 310,147
  • Market Cap: £167.36m

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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 59.90p
Change Today -2.10p
% Change -3.39 %
52 Week High 88.10p
52 Week Low 50.50p
Volume 310,147
Shares Issued 279.40m
Market Cap £167.36m

Genel Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.08% above the market average55.08% above the market average55.08% above the market average55.08% above the market average55.08% above the market average
1.41% above the sector average1.41% above the sector average1.41% above the sector average1.41% above the sector average1.41% above the sector average
Price Trend
53.04% below the market average53.04% below the market average53.04% below the market average53.04% below the market average53.04% below the market average
12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average
Income Not Available
Growth
42.16% below the market average42.16% below the market average42.16% below the market average42.16% below the market average42.16% below the market average
59.09% below the sector average59.09% below the sector average59.09% below the sector average59.09% below the sector average59.09% 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 07-Aug-2025

Time Volume / Share Price
16:35 180 @ 59.90p
16:35 155 @ 59.90p
16:35 2,464 @ 59.90p
16:35 460 @ 59.90p
16:35 139 @ 59.90p

Genel Energy Key Personnel

Chair David McManus
CEO Paul Weir

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