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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

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.

StockMarketWire.com
Genel Energy has noted the announcement from DNO ASA, as operator of the Tawke field, that the field partners have received a payment of $15.0 million from the Kurdistan Regional Government for oil sales during May 2016.

The payment reflects part settlement of the invoiced amount of $39.28 million for May 2016 Tawke oil sales. This figure incorporates $32.95 million towards contractor monthly entitlement and $6.34 million towards recovery of historical receivables.

The payment will be shared pro-rata by DNO and Genel. Tawke production in May averaged 117,757 barrels of oil per day (bopd), of which 114,848 bopd were earmarked for export.

StockMarketWire.com
Genel Energy has noted the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $24.28 million from the Kurdistan Regional Government for oil sales during May 2016. The payment follows the receipt of $15 million as announced on 21 June 2016. The payment completes settlement of the invoiced amount of $39.28 million for May 2016 Tawke oil sales, an amount that incorporates $32.95 million towards contractor monthly entitlement and $6.34 million towards recovery of historical receivables. The payment will be shared pro-rata by DNO and Genel.

Is that more then they have been getting per month from Tawke?
Good news if so....

Goldman Sachs today reaffirms its neutral investment rating on Genel Energy PLC (LON:GENL) and raised its price target to 141.80p (from 113.90p).

Bought some earlier @ 121.90p

Time for the bounce
Today 11:39
Bought some at 121.90p
reason why below....

Oil price on the way up for the last couple days and the stock is today starting to move higher after being at oversold position at this point.

chart with Indicators

Genel Energy PLC (GENL) Given ” Buy” Rating at Canaccord Genuity

Posted by Donnie Miller on Jul 11th, 2016

Genel Energy PLC (LON:GENL)‘s stock had its ” buy” rating restated by research analysts at Canaccord Genuity in a report issued on Monday. They currently have a GBX 195 ($2.59) price target on the stock.
Canaccord Genuity’s target price would suggest a potential upside of 61.83% from the stock’s previous close.

A number of other analysts have also recently weighed in on GENL. Liberum Capital reaffirmed a “hold” rating and issued a GBX 100 ($1.33) price objective on shares of Genel Energy PLC in a report on Friday, March 18th.
Barclays PLC reaffirmed an “overweight” rating and issued a GBX 130 ($1.73) price objective on shares of Genel Energy PLC in a report on Monday, March 21st.
Deutsche Bank AG reaffirmed a “buy” rating on shares of Genel Energy PLC in a report on Wednesday, March 23rd.
Jefferies Group cut shares of Genel Energy PLC to an “underperform” rating and dropped their price objective for the stock from GBX 248 ($3.29) to GBX 62 ($0.82) in a report on Thursday, April 7th.
Finally, Goldman Sachs Group Inc. lowered their target price on shares of Genel Energy PLC from GBX 123.40 ($1.64) to GBX 113.90 ($1.51) and set a “neutral” rating on the stock in a research note on Tuesday, May 3rd.

Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 235.06 ($3.12).

Genel Energy PLC (LON:GENL) opened at 120.625 on Monday. The company’s 50 day moving average is GBX 131.24 and its 200 day moving average is GBX 117.80. Genel Energy PLC has a 52 week low of GBX 71.75 and a 52 week high of GBX 481.50. The stock’s market cap is GBX 335.80 million.

Genel Energy Plc is a holding company. The Company is engaged in the business of oil and gas exploration and production in the Kurdistan Region of Iraq (KRI). The Company’s segments include Kurdistan and Africa. The Company has interests in approximately two producing fields in the Kurdistan Region of Iraq, Taq Taq and Tawke, with access to local and international markets