">
http://www.rigzone.com/news/article.asp?a_id=114250&hmpn=1

THIS STOCK QUALIFIES FOR YOUR ISA.


Photo's of Ber Bahir where black is thought to be oil?

http://db.tt/nrmRjZ5D

THE LARGEST PRODUCER IN KURDISTAN, 41000bopd,with 1.4BBO of which 356MBO are P1 &P2.
http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/completion-of-acquisition/201301231000021850W/
The operator with 40% interest (GKP 40&)in Ber Bahir.
From a recent RNS released by GKP ,

13th Dec 2011
Ber Bahr-1 Exploration Well

The first exploration well on the Ber Bahr block has drilled to a measured depth of 1,765 metres at the top of the Triassic with hydrocarbons indications observed in the well. Wireline logging is underway which will be followed by running of 9 5/8" casing. The well will then continue drilling to the estimated TD of 2,100 metres.

Also a note from the broker stated that was similar to early Shailhan wells,if so WOW?

Approx 335mtrs to go of which oil plays are part of,so news is close?

http://boards.fool.co.uk/vallares-gkp-12355098.aspx?sort=whole#12355179
http://www.investegate.co.uk/Article.aspx?id=201203080700149278Y
http://www.investegate.co.uk/Article.aspx?id=201203200700206495Z
http://www.investegate.co.uk/Article.aspx?id=201203210705107420Z
http://www.moneyam.com/action/news/showArticle?id=4422402
http://www.moneyam.com/action/news/showArticle?id=4430165
http://www.moneyam.com/action/news/showArticle?id=4431708
http://www.genelenergy.com/admin/resimler/detay_resim/Half_Year_Results_23082012_FINAL.pdf
http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/trading-and-operational-update/201301180700068414V/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/bina-bawi-update/201304041105015272B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/chia-surkh-discovery/201304100700069624B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/half-yearly-report/201307310700115294K/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/declaration-of-commerciality-for-miran/201309030700110610N/
http://www.moneyam.com/action/news/showArticle?id=4668698
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/update-re--tawke/201310140708553997Q/
http://www.moneyam.com/action/news/showArticle?id=4739145
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/krg-exercises-back-in-right-to-miran-psc/201402241100037720A/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/full-year-results/201403060700146386B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/agreement-for-development-of-miran-and-bina-bawi/201411130700268995W/
http://www.moneyam.com/action/news/showArticle?id=4962310
HTTp://news.sky.com/story/1419273/ex-bp-boss-hayward-lures-monaghan-to-genel
http://uk.advfn.com/news/UKREG/2015/article/67672862

Making up for last week.

Making up for last week.

http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/receipt-of-export-payment/201212031104105629S/

http://www.thenational.ae/thenationalconversation/industry-insights/energy/genel-in-kurdish-oil-link-to-turkey

Lost it's gloss and good for a short imo.

Looks like a bounce from here.

Are you still holding mitzy, or did you take profit?

Still in Harry.

Hmmmm.....don't lose it all. Stock looking less attractive now, imo.

I'll hold for a while yet.

My share tip in 2013.

http://ikjnews.com/?p=3699

StockMarketWire.com
Liberum Capital starts Genel Energy at hold, target 850p

A good update.

StockMarketWire.com
Genel Energy expects revenues to be ahead of previous guidance and all development and exploration activities in Kurdistan to be funded from cash flow generated locally in line with its stated strategy.

Genel Energy's average net working interest production for 2012 was in line with guidance at 44,500 barrels of oil per day (2011: 42,000 bopd).

During the course of the year production from Genel Energy's two producing assets, Taq Taq and Tawke, has been sold into both domestic and export markets.

Chief executive Tony Hayward said: "2012 saw a strong production performance and a materially expanded exploration portfolio which will provide us with significant opportunities in 2013, both in the Kurdistan Region of Iraq and Africa."

Genel Energy completes the acquisition of the remaining 49% interest in the Miran Block
Genel Energy announces that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq (the "Miran Block").

On 12 November 2012, Genel Energy announced that Heritage Oil Plc ("Heritage") issued the Exchange Repayment Notice signifying its intention to repay the $294 million loan made by Genel Energy to Heritage in August 2012 through the transfer of Heritage's remaining 49 per cent participating interest. The transfer was subject to the approval of Heritage's shareholders in a general meeting and, among other customary closing conditions, receipt of relevant approvals being granted by the Regional Council for the Oil and Gas Affairs of Kurdistan.

Following closing and formal approval of the transfer by the Regional Council, Genel Energy now owns 100 per cent participating interest in the Miran Block (75 per cent working interest post KRG back-in right) and has become the sole operator.

StockMarketWire.com
JP Morgan Cazenove has reviewed it stance on the UK Exploration & Production sector today highlighting the fact that the sector had underperformed the broader market up to the end of the year. This reappraisal has led the US bank to downgrade a number of stocks in its coverage including SOCO International (LON:SIA) , Serica Energy (LON:SQZ), Genel Energy (LON:GENL) and Afren (LON:AFR) which have all been downgraded to "neutral" from "overweight". The City broker cut its price targets across the board reflecting its downbeat near-term outlook, which included: SOCO International - reduced to 418p (from 420p), Serica Energy - reduced to 47p (from 50p), Genel Energy reduced to 940p (from 1,060p) and Afren reduced to 195p (from 210p) In a note issued to clients today, analyst James Thompson said: "On a more structural theme, we see the relatively easy access to acreage that E&P companies have enjoyed for a decade coming to an end as big oil steps up the hunt for resources. Near term, we lower our exposure to political risk, particularly in the MENA region, and instead turn our focus to the exploration story that remains the sector's lifeblood."

Seems to have lost it's gloss for the moment. On my watch list though, ready for a bounce.

Preliminary audited results for the year ended 31 December 2012
Genel Energy plc, the London listed exploration and production company and largest independent oil producer in the Kurdistan Region of Iraq, announces its preliminary audited results for the year ended 31 December 2012.

Highlights
· Consolidated our position as the leading independent oil and gas producer in the increasingly attractive Kurdistan Region

· Current production capacity of circa 80,000 bopd (net), with 2012 average net working interest production of 44,500 bopd in line with guidance

· Significant resource additions acquired in the Kurdistan Region: 44% interest in Bina Bawi and additional interests in Miran (75%) and Chia Surkh (40%), adding over 750 mmboe of net contingent and unrisked prospective resources

· High impact African exploration portfolio established with material positions acquired in Somaliland, Morocco, Malta and Côte d'Ivoire, targeting net unrisked prospective resources of over 3.3 billion boe

· Substantial growth in resource base: Proven and probable reserves (2P) increased to 445 mmboe (2011: 412 mmboe), total working interest reserves and unrisked resources increased to 5.4 billion boe (2011: 1.6 billion boe)

· Free cash flow positive for the year, with capital expenditure on exploration, appraisal and development in the Kurdistan Region of Iraq funded entirely from strong operating cash flow of over $300 million

Outlook
· Continuing progress on the new export pipeline infrastructure in the Kurdistan Region (construction of first phase operational in first quarter 2013)

· Average net working interest production for 2013 expected to be in the range of 45,000 - 55,000 bopd, generating revenues of $300-400 million dependent on the level of any export sales

· Appraisal and development programmes at Taq Taq and Tawke on track for 140,000 bopd (net) production capacity in 2014

· Kurdistan exploration programme comprises 4 high impact wells targeting over 750 mmboe gross unrisked resources in 2013: Tawke Deep and Chia Surkh 10 currently drilling, Taq Taq Deep to be spudded in Q1 and Chia Surkh 11 in Q2

· Appraisal programmes underway on both Miran and Bina Bawi, targeting Final Investment Decision on phased development of both fields by the end of 2013

· Work programmes underway across African portfolio to develop prospect inventory; advanced negotiations to secure a rig for the drilling programme on going with first well targeted in Morocco in the fourth quarter of 2013

· Strong balance sheet with significant cash resources of circa $1 billion available for future business development.

28
Feb 2013
Tony Hayward to return to offshore drilling in 2013 as Genel eyes expansion
By News Teamin News
- See more at:http://www.directorstalk.com/tony-hayward-to-return-to-offshore-drilling-in-2013-as-genel-eyes-expansion/#sthash.MKB5B1fq.dpuf