on Genel Energy (isin : JE00B55Q3P39)
Genel Energy Presents Trading and Operational Update Ahead of 2025 Results
Genel Energy plc, an oil producer with geographical focus in Kurdistan, Oman, and Somaliland, has released its 2025 trading and operations update. The company highlights strategic initiatives aimed at enhancing shareholder value, including a focus on geographical diversification and disciplined investment in long-term opportunities.
In Kurdistan, Genel reports stable performance from the Operator at the Tawke PSC, despite challenges, with production averaging 70,090 bopd for the year. The company notes successful preliminary works in Oman and ongoing efforts in Somaliland for upcoming exploratory drilling.
Financially, Genel achieved a net cash position of $134 million by year-end 2025 and foresees consistent cash flow benefiting from resumption of exports and additional drilling activities. The strategic pathway includes asset acquisition and resolving outstanding KRG receivables.
R. E.
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