Genel Energy gains on strong Q1 production

Genel Energy

09/05/2024 08:42

** Oil and gas exploration and production company Genel
Energy  GENL.L  up 1.9% at 90 pence 
    **‍ Reports Q1 gross production of 76,310 bopd compared to
65,770 bopd in Q4
    ** Expects net cash to remain well above $100 mln throughout
2024
    ** Says talks between stakeholders regarding the Iraq-Turkey
pipeline are ongoing, timing of the resumption
of exports remains uncertain
    ** As of last close, GENL up 16.8 % in last 12 months 



 (Reporting by Judes Joseph in Bengaluru)
 ((judes.joseph@thomsonreuters.com;))