3Q19 WI production was 34,720 bbl/d (GMP FEe: 35.7 mbbl/d) including 29,940 bbl/d for the Tawke PSC and 4,780 bbl/d for Taq Taq (GMP FEe: 5.7 mbbl/d). FY19 production guidance is maintained at at close to 4Q18 levels of 36,900 bbl/d (GMP FEe: 36.1 mbbl/d). Genel generated free cash flow of US$121 mm (GMP FEe: US$100 mm) in the first nine months of 2019, with capital expenditure of US$110 mm (GMP FEe: US$120 mm). The FY19 capital expenditure guidance is maintained towards the top end of the US
01 Nov 2019
FLASH: Trading update in Kurdistan
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FLASH: Trading update in Kurdistan
Genel Energy PLC (GENL:LON) | 84.1 0 0.0% | Mkt Cap: 235.0m
- Published:
01 Nov 2019 -
Author:
Stephane Foucaud -
Pages:
2
3Q19 WI production was 34,720 bbl/d (GMP FEe: 35.7 mbbl/d) including 29,940 bbl/d for the Tawke PSC and 4,780 bbl/d for Taq Taq (GMP FEe: 5.7 mbbl/d). FY19 production guidance is maintained at at close to 4Q18 levels of 36,900 bbl/d (GMP FEe: 36.1 mbbl/d). Genel generated free cash flow of US$121 mm (GMP FEe: US$100 mm) in the first nine months of 2019, with capital expenditure of US$110 mm (GMP FEe: US$120 mm). The FY19 capital expenditure guidance is maintained towards the top end of the US