Market Reaction: slightly positive. We were only anticipating production at Tawke of 105 mbbl/d in 3Q16 under a limited new investment scenario rather than 135 mbbl/d by mid year highlighted by DNO. This announcement probably suggests that Capex at Tawke will now include the Contingent component highlighted by Genel (about US$20 mm net to Genel).
11 Feb 2016
DNO (DNO NO) PROVIDES UPDATE ON TAWKE IN ITS FY15 RESULTS
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DNO (DNO NO) PROVIDES UPDATE ON TAWKE IN ITS FY15 RESULTS
Genel Energy PLC (GENL:LON) | 84.1 0 0.0% | Mkt Cap: 235.0m
- Published:
11 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: slightly positive. We were only anticipating production at Tawke of 105 mbbl/d in 3Q16 under a limited new investment scenario rather than 135 mbbl/d by mid year highlighted by DNO. This announcement probably suggests that Capex at Tawke will now include the Contingent component highlighted by Genel (about US$20 mm net to Genel).