RE: Trading update12 Jan 2026 08:50
Simply Wall Street have a nice little write up on Genel and the factors that would have a positives for the share price:
The expected restart and gradual ramp up of Tawke and Peshkabir production after repair and reconfiguration, combined with very low operating costs below 4 dollars per barrel, is expected to restore and then expand cash flow leverage as volumes normalize, supporting higher free cash flow and net margins.
Potential resumption of Kurdistan exports through the ITP at international pricing would more than double realized revenue per barrel versus current domestic sales, which could drive a step change in revenue, EBITDA and earnings once a durable export and payment framework is agreed.
Planned appraisal activity on Oman's Block 54, located adjacent to existing infrastructure in a prolific basin, offers low cost incremental barrels that can quickly translate into new production streams, diversifying cash generation and underpinning medium term revenue growth.
The company’s strong balance sheet, increased cash position and extended bond maturity to 2030 provide funding flexibility to secure value accretive producing assets in preferred jurisdictions, enabling acquisition led growth that can materially increase production, earnings and dividend capacity.
The highly prospective Toosan area in Somaliland, de risked by proven petroleum systems across the border in Yemen, provides long dated optionality on a frontier discovery that could transform the production base and significantly uplift long term revenue and net asset value if exploration drilling is successful.
78% uplift potential from its current 58p
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