Genel Energy Share News (GENL)

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: NWF beats market view; AFC hydrogen offering progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Genel Energy signs petroleum agreement for Lagzira block

Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - On Wednesday says it signed an eight-year petroleum agreement and association contract with the Office National des Hydrocarbures et des Mines for the Lagzira block in Morocco. Adds that the contract has "attractive fiscal terms." Launches a process to find a partner to take a "material" equity position and to jointly pursue the exploration programme in the block, with the opportunity to drill and test one of the high-graded prospects. Explains that the Lagzira block is a large offshore licence, in water depths of 200-1,200 metres, with a proven petroleum system.

IN BRIEF: Genel Energy receives oil sales payment from Kurdistan

Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Receives all payments from the Kurdistan regional government relating to oil sales during August. In terms of payment breakdown, Tawke sales were USD20.2 million, Taq Taq sales were USD2.5 million, Sarta sales were USD2.2 million, and receivable recovery sales were USD6.5 million. Genel expects to receive a further USD13 million in 2023 relating to historic receivables from 2020.

LONDON BROKER RATINGS: RBC cuts Ocado; Bernstein cuts easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Canaccord slightly lowers target price on Genel Energy

(Sharecast News) - Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180.0p to 170.0p on Wednesday following the group's trading update.

TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

Genel Energy to impair Sarta asset after drilling results

(Sharecast News) - Genel Energy on Tuesday said it would have to impair its Sarta asset after drilling results fell short of expectations.

Genel Energy confirms oil sales payment received from Kurdistan

(Alliance News) - Genel Energy PLC on Thursday said all payments relating to oil sales during this past July have been received from the Kurdistan regional government.

TRADING UPDATES: Genel backs outlook; abrdn Property Income NAV falls

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

LONDON BROKER RATINGS: HSBC cuts Asos; Berenberg likes Synthomer

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK dividends calendar - next 7 days

IN BRIEF: Genel Energy promotes interim CEO Paul Weir to permanent CEO

Genel Energy PLC - London-based oil company focused on the Kurdistan region - On Monday promoted interim Chief Executive Officer Paul Weir to CEO role on permanent basis. He became interim CEO in June 2022, after former CEO Bill Higgs stepped down. At the firm's annual general meeting in May, Higgs did not receive the required 50% majority of votes in favour of re-election as a director of the board.