Market reaction: slightly positive. The reduction of the monthly payment to a level consistent with entitlements had already been flagged by Genel. The further 5% payment to start repaying outstanding receivables is not very material but is an encouraging sign.
01 Feb 2016
INTERNATIONAL OIL COMPANIES TO RECEIVE FISCAL ENTITLEMENTS PURSUANT TO THEIR PRODUCTION SHARING CONTRACT
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INTERNATIONAL OIL COMPANIES TO RECEIVE FISCAL ENTITLEMENTS PURSUANT TO THEIR PRODUCTION SHARING CONTRACT
Genel Energy PLC (GENL:LON) | 83.4 -0.3 (-0.5%) | Mkt Cap: 233.0m
- Published:
01 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: slightly positive. The reduction of the monthly payment to a level consistent with entitlements had already been flagged by Genel. The further 5% payment to start repaying outstanding receivables is not very material but is an encouraging sign.