Operational Update
Genel Energy plc has provided an operational update noting that drilling activities recommenced in April and production at the Tawke and Peshkabir fields resumed in late June and early July respectively. The company's partner expects production at the Tawke license to stabilize around pre-shutdown levels, with entitlement oil currently selling in the mid-to-upper USD 30s per barrel. Genel Energy continues to seek access to export markets or prices, which it believes would more than double free cash flow generation from the Tawke PSC.
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Genel Energy PLC (GENL) Genel Energy PLC: Operational Update 13-Aug-2026 / 07:04 GMT/BST 13 August 2026 Genel Energy plc Operational Update Genel Energy plc ('Genel') notes DNO’s announcement this morning, consistent with our comments at our half year results, reporting that drilling activities recommenced in April and production at the Tawke field restated on 28 June and at the Peshkabir field on 11 July. DNO also comments: • With contribution from new wells and absent adverse security developments, DNO expects production at Tawke license to stabilize at around pre-shutdown levels. • While DNO continues to seek access to export markets or export prices, the Company is currently selling its entitlement oil at prices in the mid-to-upper USD 30s per barrel. Genel continues to seek access to export markets or export prices, which would more than double the free cash flow generation from the Tawke PSC. -ends- For further information, please contact: Genel Energy Luke Clements +44 20 7659 5100 Vigo Consulting Patrick d’Ancona +44 20 7390 0230 Notes to editors: Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). For further information, please refer to www.genelenergy.com
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