Taq Taq

Genel Energy PLC: Update on year-end 2023 oil reserves

Retrieved on: 
Wednesday, April 10, 2024
DNO, PSC, Taq Taq, Everette Lee DeGolyer

Genel continues to retain 11.7 MMbbls of these 2P Resources, associated with the Tawke field Enhanced Oil Recovery project, as 2C.

Key Points: 
  • Genel continues to retain 11.7 MMbbls of these 2P Resources, associated with the Tawke field Enhanced Oil Recovery project, as 2C.
  • At Taq Taq (44% working interest, joint operator), gross 2P reserves stood at 23.4 MMbbls at year-end 2023 (23.9 MMbbls at end-2022), following production of 0.5 MMbbls.
  • Genel previously booked 2.8 MMbbls of net 2P reserves at Sarta (30% working interest, operator).
  • The Sarta PSC terminated on 1 December 2023.

Genel Energy PLC: Trading and operations update

Retrieved on: 
Thursday, May 11, 2023
KRG, Biophysical environment, Kurdistan Regional Government, Economy of Kurdistan Region, Social, Genel Energy, AGM, Miran, Taq Taq, Oil, Cryptocurrency, Malik ibn Tawk

Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update relating to Q1 2023, ahead of the Company's Annual General Meeting ('AGM'), which is being held today.

Key Points: 
  • Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update relating to Q1 2023, ahead of the Company's Annual General Meeting ('AGM'), which is being held today.
  • In anticipation of exports resuming we are seeking clarity on future arrangements and a mechanism in place for regular and predictable payments going forward.
  • Delays in payments and the suspension of exports have resulted in significant cash generation being deferred and we are scaling back our planned activity accordingly.
  • We continue to reduce costs so that the size and shape of the organisation matches the needs of the business.

Genel Energy PLC: Update on year-end 2022 oil reserves

Retrieved on: 
Thursday, March 16, 2023
McNaughton, Observation, Genel Energy, DNO, McDaniel, Taq Taq, Everette Lee DeGolyer, Cryptocurrency, Malik ibn Tawk

International petroleum consultants DeGolyer and MacNaughton, working on behalf of the operator DNO, assess that Tawke licence (Genel 25% working interest) gross year-end 2022 2P reserves stood at 327 MMbbls, compared to 357 MMbbls at year-end 2021, after adjusting for production of 39 MMbbls and an upward technical revision of 9 MMbbls.

Key Points: 
  • International petroleum consultants DeGolyer and MacNaughton, working on behalf of the operator DNO, assess that Tawke licence (Genel 25% working interest) gross year-end 2022 2P reserves stood at 327 MMbbls, compared to 357 MMbbls at year-end 2021, after adjusting for production of 39 MMbbls and an upward technical revision of 9 MMbbls.
  • Following implementation and observation of the performance of phase 1 of the Tawke field Enhanced Oil Recovery project, Genel has moved 11.7 MMbbls of the 23.3 MMbbls of those gross 2P reserves that were previously included as 2C resources into 2P reserves.
  • At Taq Taq (44% working interest, joint operator), gross 2P reserves stood at 24 MMbbls at year-end 2022 (26 MMbbls at end-2021), following production of 1.6 MMbbls.
  • At Sarta (30% working interest, operator) Genel’s estimate of gross 2P reserves at year-end 2022 is 9 MMbbls (32 MMbbls at the end of 2021), following production of 1.7 MMbbls and a technical revision after assessment of the results of the 2022 appraisal wells and pilot production.

Genel Energy PLC: Trading and operations update

Retrieved on: 
Monday, November 7, 2022
Zero, Company, Board, Annual, Mus, Taq Taq, MAR, Malik ibn Tawk, GMT, KRG, Corporate governance in the United Kingdom, Biophysical environment, Miran, Genel Energy, Annual general meeting, Water, Security (finance), Oil, Animal, Video game, Real estate

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 2022.

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 2022.
  • We are focused on putting this cash to work to purchase new assets, grow the business, and increase shareholder returns.
  • It is business as usual on an operational level in Kurdistan, while we continue to work with the KRG on the challenges that the sector faces.
  • Investors can sign up to Investor Meet Company for free and add to meet Genel Energy PLC via: https://www.investormeetcompany.com/genel-energy-plc/register-investor

Genel Energy PLC: Trading and operations update

Retrieved on: 
Thursday, May 12, 2022
Zero, Company, ONHYM, MAR, EPF, Taq Taq, Review, DNO, AGM, Association, Mus, Board, KRI, Aeolesthes sarta, CO2, Medical device, Renewable energy, Oil, Financial services, Animal, Malik ibn Tawk, EU, Genel Energy

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update ahead of the Company's Annual General Meeting ('AGM'), which is being held today.
  • Our robust financial position continues to strengthen, supporting investment in our organic portfolio as well as our progressive dividend.

Genel Energy PLC: Update on year-end 2021 oil reserves

Retrieved on: 
Monday, February 21, 2022
McNaughton, Malik ibn Tawk, McDaniel, Taq Taq, DNO, Enhanced oil recovery, Everette Lee DeGolyer, Genel Energy, Oil

Pending further analysis of the performance of the Enhanced Oil Recovery project, Genel continues to hold 23 MMbbls of those 2P gross reserves in 2C resources.

Key Points: 
  • Pending further analysis of the performance of the Enhanced Oil Recovery project, Genel continues to hold 23 MMbbls of those 2P gross reserves in 2C resources.
  • At Taq Taq (44% working interest, joint operator), 2P gross reserves stood at 26 MMbbls at year-end 2021 (33 MMbbls at end-2020), following a downward technical revision of 5 MMbbls and production of 2 MMbbls.
  • McDaniel & Associates carried out the independent assessment of the Taq Taq licence.
  • Flow testing of Sarta-1D is currently ongoing, and the appraisal results of Sarta-5 and Sarta-6 will be incorporated into our assessment of the reserves of Sarta at the appropriate time.

Genel Energy PLC: Receipt of payments for KRI oil sales

Retrieved on: 
Monday, September 6, 2021
Resource economics, Energy, Articles, Genel Energy, Taq Taq, Low-carbon economy, Dividend

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 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.

Genel Energy PLC: Receipt of payments for KRI oil sales

Retrieved on: 
Wednesday, July 28, 2021
Regions, Articles, Resource economics, Genel Energy, Taq Taq, Kurdistan Region, Low-carbon economy, Kurdistan

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 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.

Genel Energy PLC: Changes to Directors' responsibilities

Retrieved on: 
Tuesday, July 27, 2021
Regions, Articles, Resource economics, Genel Energy, Taq Taq, Kurdistan Region, Low-carbon economy, Kurdistan

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 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.

Genel Energy PLC: Director/PDMR Shareholding

Retrieved on: 
Thursday, May 13, 2021
Resource economics, Genel Energy, Energy, Taq Taq, Low-carbon economy, Kurdistan Region, Articles

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

Key Points: 
  • b'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.