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GEGYF / Genel Energy highlights ‘material cash position' as it pursues new opportunity

Genel Energy highlights ‘material cash position' as it pursues new opportunity
Genel Energy PLC (LSE:GENL, OTC:GEGYY) chief executive Paul Weir highlighted the oiler has ‘a material cash position', prioritised for investment in new assets, as the company awaits a positive outcome of talks between Iraq and Turkey over potential exports out of the Kurdistan region. The company, in today's interim results statement, noted that no oil sales took place since the closure of the Iraq-Turkey pipeline was shut in amidst dispute in March. Read More
Posted: Aug 2 2023, 03:41
Author Name: Proactive Investors
Views: 092116

GEGYF News  

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Genel Energy highlights ‘material cash position' as it pursues new opportunity

By Proactive Investors
August 2, 2023

Genel Energy highlights ‘material cash position' as it pursues new opportunity

Genel Energy PLC (LSE:GENL, OTC:GEGYY) chief executive Paul Weir highlighted the oiler has ‘a material cash position', prioritised for investment i more_horizontal


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