Search results for "Surkh"

Genel Issues Interim Management Statement

By John Lee. Shares in Genel Energy closed the day unchanged on Wednesday following the issueing of its Interim Management Statement for the period from 01 July 2013 to 29 October 2013. The Company will announce its full year 2013 Trading Statement and Operational Update on 15 January 2014. Full year 2013 results will be […]

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Genel Energy Closes Day on High

By John Lee. Shares in Kurdistan-focused Genel Energy finished Wednesday up over 2 percent, as CEO Tony Hayward said there is "a lot to look forward to" in terms of oil and natural gas production from the Kurdish region of Iraq. The shares are trading at levels not seen since early 2011. The text of […]

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WesternZagros Starts Garmian Drilling

By John Lee. WesternZagros Resources has announced that it has started its latest Garmian Block drilling program in the Kurdistan Region of Iraq. The Mil Qasim Upper Bakhtiari-1 well was spudded on May 19, 2013. This is the first of a planned three-well program to test the potential of the shallow Upper Bakhtiari Formation. With […]

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Genel Energy Up following Interim Mgt Statement

By John Lee. Shares in Genel Energy opened 1.5 percent higher on Monday morning following the company's interim management statement for the period from 1 January 2013 to today. This statement is issued ahead of Genel Energy's Annual General Meeting, which is being held at 11.00am today at the Sofitel St James's, 6 Waterloo Place, […]

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Genel Energy Shares Jump on Oil Find

By John Lee. Shares in the Anglo-Turkish oil and gas company Genel Energy closed up 6.4 percent on Wednesday after it announced that the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq has made a significant oil discovery. The company said the Chia Surkh 10 well […]

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Genel Energy Full Year Results

Genel Energy plc has announced its preliminary audited results for the year ended 31 December 2012. Highlights Consolidated our position as the leading independent oil and gas producer in the increasingly attractive Kurdistan Region Current production capacity of circa 80,000 bopd (net), with 2012 average net working interest production of 44,500 bopd in line with […]

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Genel Updates on Trading and Operations

Genel Energy has issued the following trading and operational update in advance of the Company's 2012 full year results, which are scheduled for release on 28 February 2013. Information contained within this release is un-audited and may be subject to further review. Tony Hayward (pictured), Chief Executive said: "2012 saw a strong production performance and […]

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Genel Energy Interim Management Statement

Genel Energy has issued its Interim Management Statement for the period from 1 July 2012 to 31 October 2012. Highlights 2012 production guidance increased to c45,000 bopd following the resumption of export sales in August. Sales revenue guidance for 2012 remains unchanged at c $250 - 300 million Following the resumption of exports in August, […]

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Genel Shares Barely Move on Half-Year Results

By John Lee. Genel Energy, the London listed exploration and production company and largest independent oil producer in the Kurdistan Region of Iraq, has announced its half year results for the six months to 30 June 2012. Shares in the company closed at 700p on Thursday, up just 0.8%. Highlights Expanded our position as the […]

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Genel Shares Unchanged on $58m Loss

Shares in Genel Energy were largely unchanged following the announcement of a $58 million loss in its first set of year-end results. Highlights Successfully raised $2.1 billion through an IPO in June Established a top-class, highly experienced Board and management team Merged with Genel Energy International, gaining a world class portfolio of assets and readmitted […]

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Genel Energy Sets Out Its Plans

In the three months since its creation, the Anglo-Turkish independent, Genel Energy plc, has moved with "remarkable speed to build the foundations of what I believe will become a major regional oil and gas company," its chief executive Tony Hayward said on Thursday. Previewing a presentation he will make to capital markets, Hayward said revenues […]

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