Genel Energy plc

Equities

GENL

JE00B55Q3P39

Oil & Gas Exploration and Production

Real-time Estimate Cboe Europe Other stock markets 10:16:53 2024-04-26 am EDT			5-day change	1st Jan Change
83.65 ^GBX	+0.18%		+0.11%	+8.85%

Apr. 02	EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO	AN
Apr. 02	Genel Energy plc Announces Retirement of Michael Fallon to Its Board Effective; May 2024	CI

Genel Energy plc has acquired the remaining stake in SL10B13 BLock Onshore Somaliland.

November 10, 2019

Genel Energy plc (LSE:GENL) has acquired the remaining stake in SL10B13 BLock Onshore Somaliland on November 11, 2019. In a related transaction, the remaining stake was acquired because of the acquisition of 25% stake in East Africa Group. Genel Energy plc (LSE:GENL) has completed the acquisition of the remaining stake in SL10B13 BLock Onshore Somaliland on November 11, 2019.

Latest news about Genel Energy plc

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO	Apr. 02	AN
Genel Energy plc Announces Retirement of Michael Fallon to Its Board Effective; May 2024	Apr. 02	CI
Genel Energy "reshaped and resilient" but payout down after tough year	Mar. 26	AN
Genel Energy plc Reports Audited Production Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Transcript : Genel Energy plc, 2023 Earnings Call, Mar 26, 2024	Mar. 26
Genel Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Jefferies Upgrades Genel Energy to Buy from Hold, Raises PT	Feb. 21	MT
Unilever and Aviva both raised to 'buy'	Feb. 21	AN
CAB Payments shares hit; Ceres Power up	Feb. 21	AN
Glencore profit plunges as energy market normalises	Feb. 21	AN
Glencore profit plunges as energy market normalises	Feb. 21	AN
Genel Energy reshapes business after Iraq-Turkey pipeline suspension	Jan. 24	AN
Genel Energy to Seek M&A	Jan. 24	CI
Transcript : Genel Energy plc, Q4 2023 Sales/ Trading Statement Call, Jan 24, 2024	Jan. 24
Jefferies cuts Tullow; Berenberg likes Volex	Jan. 04	AN
Norway's DNO Boosts Output of Tawke Oilfield in Iraq	Dec. 19	MT
Jefferies Starts Genel Energy Coverage With Hold Rating	Nov. 16	MT
Exane BNP cuts Entain but raises SSE	Nov. 16	AN
Petra Diamonds chair to retire	Nov. 14	AN
Transcript : Genel Energy plc, Q3 2023 Sales/ Trading Statement Call, Nov 14, 2023	Nov. 14
Genel Energy plc Reports Production Results for the Third Quarter and Year to Date of 2023	Nov. 14	CI
EARNINGS AND TRADING: Wincanton profit down; James Cropper ups payout	Nov. 09	AN
Genel Energy non-executives buy GBP2.6 million in shares	23-10-18	AN
FTSE 100 Closes Up Supported by Basic Resources, Energy Stocks	23-10-16	DJ
Genel Energy oil output at Tawke "ramped up" post closure	23-10-16	AN

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Company Profile

Genel Energy Plc is an independent oil and gas exploration and production company. The Company is principally engaged in the business of the exploration, development and production of natural resources. The Company operates through two segments: Production and Pre-production. The production segment is comprised of the producing fields on the Tawke PSC (Tawke and Peshkabir), the Taq Taq PSC (Taq Taq) and the Sarta PSC (Sarta) which are located in the KRI and make sales predominantly to the KRG. The Taq Taq license area is located 60 kilometers (km) northeast of the Kirkuk oil field. The pre-production segment assets consist of exploration opportunities in Somaliland and Morocco. Somaliland is a highly prospective, onshore exploration province, and Genel is targeting resources of over two billion barrels of oil. The Sidi Moussa license, offshore Morocco, contains an estimated 750 million barrels of oil equivalent (MMBOE) of unrisked resources.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-09 - Annual General Meeting

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Ratings for Genel Energy plc

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.043 USD

Average target price

1.213 USD

Spread / Average Target

+16.22%

Consensus

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