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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

Genel Energy PLC Double In 12 Months? - By Motley Fool | Thu, 7th April 2016

An oil stock that could double

Genel Energy (LSE:GENL) can breakeven with Brent crude at $20 per barrel -- half the current oil price. Unfortunately, these ultra-low costs have not prevented the Kurdistan producer's shares falling by 85% since May 2015.

Falling oil prices have depressed the shares of all oil companies. Things have been made worse for Genel because the firm is owed about $422m for past oil production. Genel also operates on the fringes of a major conflict.

Genel's most recent lurch lower was in February. Following production declines in 2015, the company was forced to downgrade its estimate of proven and probable oil reserves for the Taq Taq field by almost 50%.

Despite all of this, Genel looks cheap by any normal measure of value. The risk is all political: will the war with ISIS spread into Kurdistan? Will the Kurdish government ever be able to pay its bills?

Genel could easily double, perhaps even more. But it could fall further too. This is a very speculative buy, in my view.

Receipt of payment for KRI oil exports from Tawke field
Genel Energy plc ('Genel') notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a gross payment of $16.87 million from the Kurdistan Regional Government for March crude oil deliveries to export and local markets from the Tawke field under the payment arrangement announced earlier in 2016.

An additional $3.24 million gross payment has been made towards the recovery of outstanding entitlements for past deliveries.

The payments will be shared pro-rata by DNO and Genel.

Having a go at closing that wee gap and finally above 50DMA.

Gap closed. Where next? haven't got a scooby doo.

As long as sp stays above 50DMA and or 100p worth a punt to next target 140p would be my guess. Watching.

Long this morning on the spreads @ 116.98 target 140p stop 98.98

Stop to entry for risk free trade. If oil goes south profit taking will kick in.

Added 128.01

Stops to 124.98

Struggling to breach 130p, overbought on RSI may have to consolidate to go higher.

Not exactly setting the world on fire, but 130p cleared for now.

What's going on?

no news on reuters or anywhere else, so perhaps just some strange rogue price
note that there is no trading volume shown either

Very strange cyners.

LATEST BROKER VIEWS

Date Broker New target Recomm.
3 May Goldman Sachs 113.90 Neutral
14 Apr Jefferies... 62.00 Underperform
7 Apr Jefferies... 62.00 Underperform
23 Mar Barclays... 115.00 Overweight
23 Mar Deutsche Bank N/A Buy
21 Mar Canaccord... 165.00 Speculative Buy
21 Mar Barclays... 130.00 Overweight
18 Mar Liberum Capital 100.00 Hold
10 Mar RBC Capital... 115.00 Sector Performer
8 Mar Liberum Capital 100.00 Hold
Broker Recommendations for Genel Energy

StockMarketWire.com
Genel Energy has appointed Paul Schofield as chief operating officer. Schofield has 35 years' management and technical experience encompassing all aspects of the upstream oil and gas business. He started his petroleum engineering career at Shell in 1981, subsequently working with Enterprise Oil, Tuscan Energy and Hess.

Receipt of payment for KRI oil exports from Tawke field
Genel Energy plc ('Genel') notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $16 million from the Kurdistan Regional Government ('KRG') for oil sales during April 2016.

The payment reflects part settlement of the invoiced amount of $32.3 million for April 2016 Tawke oil sales. This figure incorporates $27.1 million towards contractor monthly entitlement and $5.2 million towards recovery of historical receivables.

The payment will be shared pro-rata by DNO and Genel.

Tawke production in April averaged 118,918 barrels of oil per day (bopd), of which 117,815 bopd were earmarked for export, up from an average of 74,546 bopd in March.

Only for oil sales in April, just like GKP....
Back payments must be getting dealt with differently now?
I hope so....

Receipt of payment for KRI oil exports from Tawke field
Genel Energy plc ('Genel') notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $16.3 million from the Kurdistan Regional Government for oil sales during April 2016.

The payment follows the receipt of $16 million as announced on 27 May 2016.

The payment completes settlement of the invoiced amount of $32.3 million for April 2016 Tawke oil sales, an amount that incorporates $27.1 million towards contractor monthly entitlement and $5.2 million towards recovery of historical receivables.

The payment will be shared pro-rata by DNO and Genel.

StockMarketWire.com
Equity research analysts at Barclays Capital say now might be a good time to "pause for thought" in respect of Kurdistan focussed oil and gas company Genel Energy (LON:GENL), given the share price recovery which has taken place since the Taq Taq reserve downgrade in February.

The broker reckons that, while the company is still providing exposure to improving payments for oil exports in Kurdistan, further material upside will now depend on it advancing the Miran Bina Bawi gas project.

It added: "We believe this can become a highly accretive project for Genel, but do not expect investors to ascribe significant value to the opportunity until the commercial arrangements are concluded and development timescales confirmed."

Barclays has downgraded its investment rating to underweight from overweight but increased its price target to 130 pence per share from 115 pence.