Market reaction: neutral. April production for Tawke is stronger than we are forecasting for the average of 2Q16. March was very low compared to the 1Q16 average but this was expected given the pipeline issues. DNO (DNO NO) reported a gross payment of US$20.1 mm from the KRG for March crude oil deliveries to the export and local markets from the Tawke field. This includes US$16.9 mm for March deliveries and US$3.2 mm for receivables. Tawke deliveries for export in March averaged 74,546 bbl/d (F ....
12 Apr 2016
RECEIPT OF PAYMENT FOR OIL SALES FROM TAWKE FIELD
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RECEIPT OF PAYMENT FOR OIL SALES FROM TAWKE FIELD
Genel Energy PLC (GENL:LON) | 83.2 -0.1 (-0.1%) | Mkt Cap: 232.5m
- Published:
12 Apr 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: neutral. April production for Tawke is stronger than we are forecasting for the average of 2Q16. March was very low compared to the 1Q16 average but this was expected given the pipeline issues. DNO (DNO NO) reported a gross payment of US$20.1 mm from the KRG for March crude oil deliveries to the export and local markets from the Tawke field. This includes US$16.9 mm for March deliveries and US$3.2 mm for receivables. Tawke deliveries for export in March averaged 74,546 bbl/d (F ....