Market Reaction: slightly negative on the reserves. However while the reduction of reserves will negatively impact our ReNAV, investors might actually be relieved by the relatively small reduction of reserves at Tawke. Following the drastic cut witnessed at Taq Taq, some investors were concerned a reduction of the same order of magnitude could take place at Tawke. In addition the reduction of reserves at Tawke appears to be due to investment decision rather than purely issues with the geology
18 Mar 2016
RESERVES UPDATE AT TAWKE AND BOND BUY BACK
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RESERVES UPDATE AT TAWKE AND BOND BUY BACK
Genel Energy PLC (GENL:LON) | 83.2 -0.1 (-0.1%) | Mkt Cap: 232.5m
- Published:
18 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: slightly negative on the reserves. However while the reduction of reserves will negatively impact our ReNAV, investors might actually be relieved by the relatively small reduction of reserves at Tawke. Following the drastic cut witnessed at Taq Taq, some investors were concerned a reduction of the same order of magnitude could take place at Tawke. In addition the reduction of reserves at Tawke appears to be due to investment decision rather than purely issues with the geology