genel energy plc (GENL:London)
genel energy plc (GENL) Snapshot
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Open
950.00 GBp
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Previous Close
947.00 GBp
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Day High
960.00 GBp
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Day Low
938.50 GBp
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52 Week High
05/24/13 - 960.00 GBp
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52 Week Low
06/1/12 - 586.00 GBp
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Market Cap
2.6B
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Average Volume 10 Days
454.2K
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EPS TTM
0.17 GBp
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Shares Outstanding
213.7M
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EX-Date
--
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P/E TM
55.0x
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Dividend
--
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Dividend Yield
--
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Related News
genel energy plc (GENL) Related Businessweek News
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Genel Energy plc engages in the acquisition, exploration, development, and production of oil and gas properties primarily in Iraq. It primarily holds interests in seven oil and gas production sharing contracts, which include the Taq Taq, Tawke, Ber Bahr, Bina Bawi, Dohuk, Miran, and Chia Surkh license areas located in the Kurdistan Region of Iraq. The company also has exploration assets in Morocco, Malta, Somaliland, and Côte d’Ivoire, Africa. As of December 31, 2012, its proven and probable reserves were 445 million barrels of oil equivalent. Genel Energy plc is headquartered in London, the United Kingdom.
Last Reported Date: 03/18/13
genel energy plc (GENL) Top Compensated Officers
genel energy plc (GENL) Key Developments
Genel Energy plc announced that a second drill-stem test carried out on the Chia Surkh 10 well has confirmed the existence of an additional oil bearing section. The test was carried out over a 12 metre zone in a younger Miocene section than the first drill-stem test, and flowed at sustained rates of 3,200 barrels of oil a day and 8.4 million cubic feet of gas. The oil was 38 degrees API and well-head flow pressure 2,550 pounds a square inch. The successful completion of the second test on the Chia Surkh 10 well confirms that the presence of a significant oil discovery in Chia Surkh. As previously announced, the well will now be suspended as a future producer. The first appraisal well Chia Surkh 11 is already drilling on the same structure.
Genel Energy plc reported interim management statement for the first quarter of 2013. The company’s net working interest production for the first quarter averaged 37,000 bopd. The company’s are revenues in line with budget due to strong price realisations from domestic sales of around $70 per barrel. For the year 2013, the company’s production guidance unchanged at 45,000 bopd to 55,000 bopd, revenue between $300 million to $400 million and capital expenditure guidance unchanged between $400 to $500 million (including Africa capital expenditure at $150 million.
Genel Energy announced that the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq has made a significant oil discovery. The company announced the Chia Surkh 10 well was drilled to a depth of 1,696 metres in the Oligo-Miocene section, and, in tests extending over several days, flowed at up to 11,950 barrels of oil a day and 15 million cubic feet of gas. The oil was 41 degrees API and well-head flow pressure 2,000 pounds a square inch. Chia Surkh 10 was drilled on a large thrust-fault, controlled structure with up to 94 square kilometres of closure. A second drill-stem test is being planned for the Miocene section, after which the well will be suspended as a future producer. Chia Surkh 10 is the first exploration well to be drilled on the Chia Surkh acreage since 1954. The 985 square kilometre licence is operated and held 60% by Genel Energy. The remaining 40% is held equally between Petoil Inc. and the Kurdistan Regional Government.
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Industry Analysis
GENL
Industry Average
| Valuation | GENL | Industry Range |
| Price/Earnings | 52.7x |
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| Price/Sales | 12.3x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 38.0x |
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| TEV/Sales | 12.0x |
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To contact GENEL ENERGY PLC, please visit www.genelenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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