Market Reaction: neutral. In line with last month, Genel received only a partial payment for May export at Taq Taq. Last month, the balance was received a few days later. Gross production at Taq Taq over the first two months of 2Q16 is a bit below our forecast for the full quarter.
20 Jun 2016
PARTIAL PAYMENT FOR TAQ TAQ EXPORT
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PARTIAL PAYMENT FOR TAQ TAQ EXPORT
Genel Energy PLC (GENL:LON) | 83.2 -0.1 (-0.1%) | Mkt Cap: 232.5m
- Published:
20 Jun 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: neutral. In line with last month, Genel received only a partial payment for May export at Taq Taq. Last month, the balance was received a few days later. Gross production at Taq Taq over the first two months of 2Q16 is a bit below our forecast for the full quarter.