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Genel Energy (GENL) Share News

IN BRIEF: Genel Energy accepts offers for USD16.2 million of bonds

12th Oct 2023 16:55

Genel Energy PLC - London-based oil producer with assets in Somaliland, Morocco and Iraq's Kurdistan region - Announces the result of the reverse tender offer to holders of Genel Energy 4 Finance PLC's USD300 million senior unsecured callable bonds. Says the company accepted offers for USD16.2 million nominal value of bonds with the maximum accepted price set to 93.5% of nominal value. States cash settlement for the bonds, including accrued interest, is expected to occur on October 13. Pareto Securities acted as broker for the buy-back offer. Read More

EARNINGS AND TRADING: EDX Medical reports loss; Brandshield CFO leaves

2nd Oct 2023 18:40

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Genel Energy announces bond buyback offer to bondholders

2nd Oct 2023 11:00

Genel Energy PLC - London-based oil producer with assets in Somaliland, Morocco and Iraq's Kurdistan region - To holders of Genel Energy 4 PLC's USD300 million senior unsecured callable bonds with ISIN NO0010894330, offers reverse tender offer. Targets around USD20 million in nominal value of bonds for cash management purposes. Buyback offer starts Monday and lasts until next week Wednesday. Company will determinate the maximum accepted price next week Thursday, with cash settlement expected the day after. Read More

Turkey says Iraq oil pipeline will resume 'this week'

2nd Oct 2023 09:31

(Alliance News) - Turkey said Monday that an Iraqi oil pipeline that ceased operations in March because of a complex payments dispute involving the Kurdish autonomous region will resume pumping crude this week. Read More

IN BRIEF: Genel Energy notes operational restart at Tawke oil field

17th Aug 2023 10:08

Genel Energy PLC - London-based oil producer with assets in Somaliland, Morocco and Iraq's Kurdistan region - Notes update by DNO ASA concerning the Tawke field in Kurdistan, in which Genel has a 25% working interest. DNO, the Tawke production sharing agreement's operator, has partially restarted operations there and is selling its oil production entitlement share to local companies. News follows a four-month shut-in due to the Iran-Turkey Pipeline export route closing. The restart was partly for well integrity and reservoir tests, but Genel says DNO has also continued producing "to meet strong demand." Peshkabir field, also within the Tawke licence area, is still shut in. Tawke's average output is currently around 40,000 barrels per day. Prices average just over 50% of pre-closure levels. Read More

Genel Energy earnings plummet as pipeline closure hits production

2nd Aug 2023 11:36

(Alliance News) - Genel Energy PLC on Wednesday said it suspended dividend payments and swung to a loss in the first half of the year, following the closure of a key pipeline. Read More

UK earnings, trading statements calendar - next 7 days

26th Jul 2023 15:43

IN BRIEF: Company associated with Genel Energy director buys shares

7th Jun 2023 14:31

Genel Energy PLC - Kurdistan-focused oil and gas exploration and production company - Bilgin Grup Dogalgaz AS buys 630,000 shares at GBP1.20 each for a total of GBP756,000 on Monday. Genel Non-Executive Director Umit Tolga Bilgin is vice-chair of Bilgin Grup Dogalgaz AS. Read More

DIRECTOR DEALINGS: Diversified Energy CEO buys shares worth GBP62,523

1st Jun 2023 17:53

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Company associated with Genel Energy director buys shares

31st May 2023 07:28

Genel Energy PLC - Kurdistan-focused oil company - Bilgin Grup Dogalgaz AS buys 750,000 shares at a price of GBP1.11 each last Thursday for a total of GBP833,100. Genel Non-Executive Director Umit Tolga Bilgin is vice-chair of Bilgin Grup Dogalgaz AS. Read More

UK dividends calendar - next 7 days

12th May 2023 15:44

UK shareholder meetings calendar - next 7 days

4th May 2023 16:11

UK dividends calendar - next 7 days

13th Apr 2023 15:47

IN BRIEF: Company associated with Genel Energy director buys shares

3rd Apr 2023 21:49

Genel Energy PLC - Kurdistan-focused oil company - Bilgin Grup Dogalgaz AS buys 213,488 shares at a price of GBP1.13 each last Wednesday for a total of GBP241.511. Genel Non-Executive Director Umit Tolga Bilgin is vice-chair of Bilgin Grup Dogalgaz AS. Read More

DIRECTOR DEALINGS: Altitude Group director sells and major holder buys

29th Mar 2023 15:30

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News: Read More

Genel Energy notes oil operator starts shutdown of oil fields in Iraq

29th Mar 2023 10:41

(Alliance News) - Genel Energy PLC on Wednesday said that DNO ASA, the operator of the Tawke and Peshkabir oil fields in the Kurdistan region of Iraq, has started an orderly shutdown amid an ongoing dispute between Iraq and Turkey. Read More

Genel and Gulf Keystone in cross-hairs of Iraq-Turkey pipeline closure

27th Mar 2023 17:34

(Alliance News) - London-listed Gulf Keystone Petroleum Ltd and Genel Energy PLC suffered share price falls on Monday after Iraq won a landmark arbitration case, prompting Turkey to close a pipeline. Read More

TOP NEWS: Gulf Keystone and Genel face Iraq-Turkey pipeline closure

27th Mar 2023 09:52

(Alliance News) - Gulf Keystone Petroleum Ltd and Genel Energy PLC both noted that Turkey closed the Iraq-Turkey pipeline after the International Chamber of Commerce ruled in favour of Baghdad in an arbitration case against Iraq's autonomous Kurdistan region. Read More

LONDON MARKET OPEN: Stocks rise as SVB asset purchase boosts sentiment

27th Mar 2023 09:12

(Alliance News) - Stock prices in London opened higher, as the banking sector remains in the spotlight following news of the acquisition of assets of Silicon Valley Bank in the US. Read More

LONDON BROKER RATINGS: HSBC raises St James's Place to 'buy'

24th Mar 2023 09:03

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More

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