Genel is due to release its 2015 results on 3 March. The company has already had two important pieces of newsflow in 2016 a) the new payment mechanism for exports giving greater clarity on how payments are calculated and expected timing and b) the planned resumption of investment in Tawke to support production announced by operator DNO. The new payment mechanism has been a double edged sword as it been based directly on PSC entitlements (including using current oil prices), overall causing a
19 Feb 2016
Full year results preview - figures due out 3 March
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Full year results preview - figures due out 3 March
Genel Energy PLC (GENL:LON) | 84.1 0 0.0% | Mkt Cap: 235.0m
- Published:
19 Feb 2016 -
Author:
Daniel Slater, CFA -
Pages:
3
Genel is due to release its 2015 results on 3 March. The company has already had two important pieces of newsflow in 2016 a) the new payment mechanism for exports giving greater clarity on how payments are calculated and expected timing and b) the planned resumption of investment in Tawke to support production announced by operator DNO. The new payment mechanism has been a double edged sword as it been based directly on PSC entitlements (including using current oil prices), overall causing a