Genel Energy Plc (GEGYF)
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Genel Energy appoints British diplomat as director
Genel Energy PLC (LSE:GENL, OTC:GEGYY) has appointed career diplomat Dominick Chilcott as a non-executive director. Chilcott, who has most recently served as British ambassador to Turkey, joined the oil and gas company at the start of September, a statement said on Monday.
Genel Energy plc (GEGYF) Q2 2024 Earnings Call Transcript
Genel Energy plc (OTCPK:GEGYF) Q2 2024 Results Conference Call August 6, 2024 5:00 AM ET Company Participants Paul Weir - CEO Luke Clements - CFO Operator Good morning, and welcome to the Genel Energy plc Investor Presentation. [Operator Instructions] The company may not be in a position to answer every question received during the meeting itself.
Genel Energy says Kurdistan assets still have the potential to deliver significant value, well above current levels
Genel Energy PLC (LSE:GENL, OTC:GEGYY) chief executive Paul Wier, in today's half-year results, highlighted that cash-generative production continues at the Tawke project and the company is still seeking new assets to materially diversify its business. It comes amidst political impasse which currently restricts Kurdistan crude from being sold in international markets.
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Genel Energy Plc Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. John Paul Weir CEO | OTC PINK Exchange | JE00B55Q3P39 ISIN |
| GB Country | 76 Employees | 20 Apr 2023 Last Dividend | - Last Split | - IPO Date |
Overview
Genel Energy plc is an independent oil and gas exploration and production company that has a diversified portfolio of assets. It operates mainly through its two distinct segments: Production and Pre-production. Founded in 2013 and with its headquarters in London, United Kingdom, Genel Energy has positioned itself as a significant player in the oil and gas industry. Through its strategic operations and interests in various oil-producing blocks, Genel Energy plc focuses on delivering sustainable value and growth.
Products and Services
Genel Energy plc offers a range of products and services related to the exploration and production of oil and gas, divided into two main segments:
- Production
This segment of Genel Energy plc is involved in the active production of oil and gas. Notably, it includes:
- A 25% working interest in the Tawke PSC, which is a crucial production-sharing contract for one of its primary assets.
- A 44% working interest in the Taq Taq PSC, demonstrating Genel Energy's significant stake in another key oil production block.
- Pre-production
This segment encompasses the company's future prospects and exploration activities, largely consisting of:
- A 50% working interest in the Odewayne block, located in Somaliland, which signifies the company’s strategic investment in exploring new territories.
- A 51% working interest in the SL10B13 block in Somaliland, further emphasizing Genel Energy’s focus on untapped resources in emerging markets.
- A 75% working interest in the Lagzira block in Morocco, highlighting the company’s intent to explore and potentially develop new oil and gas fields in North Africa.
Contact Information
