Genel Energy

Genel Energy PLC: Trading and operations update

Retrieved on: 
Monday, December 25, 2023

Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023.

Key Points: 
  • Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023.
  • “Despite encouraging comments from senior politicians, the Iraq-Türkiye pipeline remains shut.
  • Good progress has been made in achieving consistency of domestic sales volumes, although pricing continues to be weak.
  • We remain confident that the pipeline exports will resume, and provide access again to international pricing.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Wednesday, December 13, 2023

On 12 December 2023, Ümit Tolga Bilgin notified the Company that on 12 December 2023, Bilgin Grup Doğalgaz A.Ş.

Key Points: 
  • On 12 December 2023, Ümit Tolga Bilgin notified the Company that on 12 December 2023, Bilgin Grup Doğalgaz A.Ş.
  • transferred 1,955,000 Ordinary Shares in Genel Energy plc to Mr Mehmet Vehbi Bilgin, the ultimate beneficial owner of Bilgin Grup Doğalgaz A.Ş.
  • Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.
  • The notification below is made in accordance with the requirements of the EU Market Abuse Regulation provides further detail.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Thursday, October 26, 2023

purchased 2,976,747 Ordinary Shares in Genel Energy plc at a price of £0.83 per share.

Key Points: 
  • purchased 2,976,747 Ordinary Shares in Genel Energy plc at a price of £0.83 per share.
  • Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.
  • On 18 October 2023, Yetik K. Mert notified the Company that on 17 October 2023, he purchased 107,000 Ordinary Shares in Genel Energy plc at a price of £0.8577 per share.
  • Yetik K. Mert is an Independent Non-Executive Director of Genel Energy plc.

Genel Energy PLC: Result of bond buy-back offer

Retrieved on: 
Tuesday, October 17, 2023

For further information, please refer to www.genelenergy.com

Key Points: 
  • For further information, please refer to www.genelenergy.com
    The distribution of the Buy-Back Offer to Bondholders in certain jurisdictions may be restricted by law.
  • Persons into whose possession the Buy-Back Offer to Bondholders comes are required by the Company and the Manager for the Buy-Back Offer to inform themselves about, and to observe, any such restrictions.
  • The Buy-Back Offer is made solely pursuant to the Buy-Back Offer to Bondholders dated 2 October 2023.
  • This announcement and the Buy-Back Offer to Bondholders contain important information which should be read carefully before any decision is made with respect to the Buy-Back Offer.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Tuesday, October 17, 2023

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • Gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.
  • Production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023.
  • No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.

Genel Energy PLC: Announcement of bond buy-back offer

Retrieved on: 
Monday, October 2, 2023

For further information, please refer to www.genelenergy.com

Key Points: 
  • For further information, please refer to www.genelenergy.com
    The distribution of the Buy-Back Offer to Bondholders in certain jurisdictions may be restricted by law.
  • Persons into whose possession the Buy-Back Offer to Bondholders comes are required by the Company and the Manager for the Buy-Back Offer to inform themselves about, and to observe, any such restrictions.
  • The Buy-Back Offer is made solely pursuant to the Buy-Back Offer to Bondholders dated 2 October 2023.
  • This announcement and the Buy-Back Offer to Bondholders contain important information which should be read carefully before any decision is made with respect to the Buy-Back Offer.

Genel Energy PLC: Update on Tawke PSC

Retrieved on: 
Tuesday, August 22, 2023

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Key Points: 
  • Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
  • Following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route, DNO has partially restarted operations at the Tawke field and is currently selling its entitlement share of oil production to local trading companies.
  • DNO restarted partial oil production from the Tawke field to conduct well integrity and reservoir tests but has continued to produce to meet strong demand for Tawke oil.
  • The Peshkabir field, also within the Tawke licence, remains shut-in.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Saturday, June 10, 2023

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94).

Key Points: 
  • 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 Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable.
  • Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Friday, June 2, 2023

On 1 June 2023, Ümit Tolga Bilgin notified the Company that on 30 May 2023, Bilgin Grup Doğalgaz A.Ş.

Key Points: 
  • On 1 June 2023, Ümit Tolga Bilgin notified the Company that on 30 May 2023, Bilgin Grup Doğalgaz A.Ş.
  • purchased 450,000 Ordinary Shares in Genel Energy plc at a price of £1.1180 per share, and on 31 May 2023 Bilgin Grup Doğalgaz A.Ş.
  • purchased 100,000 Ordinary shares in Genel Energy plc at a price of £1.1170 per share.
  • Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Thursday, June 1, 2023

On 29 May 2023, Ümit Tolga Bilgin notified the Company that on 25 May 2023, Bilgin Grup Doğalgaz A.Ş.

Key Points: 
  • On 29 May 2023, Ümit Tolga Bilgin notified the Company that on 25 May 2023, Bilgin Grup Doğalgaz A.Ş.
  • purchased 750,000 Ordinary Shares in Genel Energy plc at a price of £1.1108 per share, and on 26 May 2013 Bilgin Grup Doğalgaz A.Ş.
  • purchased 25,000 Ordinary shares in Genel Energy plc at a price of £1.1100 per share.
  • Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc.