Genel Energy Plc updates on licence activity at Tawke PSC

 

Genel Energy Plc (LON: GENL) has issued an update on licence activity at Tawke PSC.

  • The company has reported that production from the two fields in the Tawke licence improved to 124,000 bopd in 2019 from 113,100 bopd in 2018.
  • The production of the two fields in the Kurdistan Region of Iraq was up by 3,000 bopd from the previous quarter to 122,800 bopd in the fourth quarter of 2019.
  • On 14th January 2020, at the time of writing, GMT 08:04 AM, GENL shares were trading at GBX 183.80, up by 3.20 points or 1.77% against the previous day closing price.