Market Reaction: negative as investors will probably be disappointed by the production guidance reduction, (particularly in the context of the KRG continuously respecting its payment engagements) and even if 4 mbbl/d appears to be associated with downtime (and there are some delays in the work programme), concerns on the performance of the Taq Taq and Tawke reservoirs are likely to resurface.
07 Jul 2016
FY16 PRODUCTION GUIDANCE REDUCTION
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FY16 PRODUCTION GUIDANCE REDUCTION
Genel Energy PLC (GENL:LON) | 83.8 0.1 0.1% | Mkt Cap: 234.1m
- Published:
07 Jul 2016 -
Author:
Stephane Foucaud -
Pages:
3
Market Reaction: negative as investors will probably be disappointed by the production guidance reduction, (particularly in the context of the KRG continuously respecting its payment engagements) and even if 4 mbbl/d appears to be associated with downtime (and there are some delays in the work programme), concerns on the performance of the Taq Taq and Tawke reservoirs are likely to resurface.