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WKN: A1JBXU ISIN: JE00B55Q3P39 Ticker-Symbol: 4VL 
Tradegate
16.09.21
17:23 Uhr
1,460 Euro
-0,040
-2,67 %
1-Jahres-Chart
GENEL ENERGY PLC Chart 1 Jahr
5-Tage-Chart
GENEL ENERGY PLC 5-Tage-Chart
RealtimeGeldBriefZeit
1,4401,47018.09.
1,4501,47017.09.
Dow Jones News
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Artikel bewerten:
(1)

Genel Energy PLC: Receipt of payments for KRI oil sales

DJ Genel Energy PLC: Receipt of payments for KRI oil sales

Genel Energy PLC (GENL) 
Genel Energy PLC: Receipt of payments for KRI oil sales 
29-Jun-2021 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
29 June 2021 
 
Genel Energy plc 
 
Receipt of payments for KRI oil sales 
 
Genel Energy plc ('Genel' or 'the Company') announces that payments have been received from the Kurdistan Regional 
Government ('KRG') relating to oil sales during April 2021. 
 
Genel's share of those payments is as follows: 
 
(all figures USD million) Payment 
Tawke          11.7 
Tawke override      7.8 
Taq Taq         1.9 
Sarta*          2.2 
Receivable recovery   2.8 
Total          26.3 

Genel has also received both outstanding payments relating to March's invoices. The Company received USD3.1 million under the recovery mechanism, and the Tawke override payment of USD8.2 million. Taken together with the payments announced on 26 May 2021, Genel received a total of USD31.1 million relating to oil sales during March 2021.

Following the receipt of these payments, Genel is now owed USD145 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

*Genel is awaiting confirmation from the operator, Chevron, that payment has been received. The Company expects this shortly, and will not announce the payment separately

-ends-

For further information, please contact:

Genel Energy 
                    +44 20 7659 5100 
Andrew Benbow, Head of Communications 
 
Vigo Communications 
                    +44 20 7390 0230 
Patrick d'Ancona 

Notes to editors:

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com. -----------------------------------------------------------------------------------------------------------------------

ISIN:     JE00B55Q3P39, NO0010894330 
Category Code: MSCM 
TIDM:     GENL 
LEI Code:   549300IVCJDWC3LR8F94 
Sequence No.: 114090 
EQS News ID:  1212931 
 
End of Announcement EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1212931&application_name=news 
 

(END) Dow Jones Newswires

June 29, 2021 02:01 ET (06:01 GMT)

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© 2021 Dow Jones News
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