DNO, Genel, Strike Oil at Tawke-16

Bijan Mossavar-Rahmani, DNO's Executive Chairman said:

"The Tawke-16 test exhibited exceptional flow characteristics and confirmed the reservoir quality and productivity of the northern extension of the Tawke field. In fact, based on these test results, Tawke-16 likely is the most prolific well drilled so far in this field by the Company."

Tony Hayward, chief executive of Genel Energy said:

"This is a very encouraging result. The successful completion of testing at Tawke-16 has further substantiated the quality of the Tawke field and the potential resource upside that we believe to exist. Genel Energy remains committed to increasing the size and the scale of our existing business in the Kurdistan Region and this result, along with the extensive exploration programme of 7 high impact wells over the next 18 months, is a good step to achieving that aim."

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