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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

StockMarketWire.com
Genel Energy's acquisition of a 23% interest in the Bina Bawi exploration licence has been approved by the Kurdistan Regional Government Oil and Gas Council.

Genel Energy is making the acquisition through the purchase of all of the share capital of A&T Petroleum Company, a subsidiary of Petoil Petroleum and Petroleum Products International Exploration and Production Inc.

Genel Energy chief executive Tony Hayward said: "We are pleased that the transaction has now completed, allowing us to acquire an interest in this high-quality acreage in an area immediately adjacent to Taq Taq, one of our major established fields.

"Genel Energy remains focused on deepening its interest in the Kurdistan Region and we look forward to the exploration and appraisal programme planned for Bina Bawi for the rest of this year and next."

http://www.moneyam.com/action/news/showArticle?id=4422402


RNS Number : 3847J
Genel Energy PLC
06 August 2012

Genel Energy plc

6 August 2012


Genel Energy plc


Genel to acquire an additional interest in the Bina Bawi exploration block


Genel Energy plc ("Genel Energy" or the "Company") announces that it has agreed to acquire an additional 21 per cent interest in the Bina Bawi exploration block in the Kurdistan Region of Iraq from Hawler Energy Ltd (the "Transaction") for $240 million, to be paid from the Company's existing cash resources.


The Transaction is in addition to the Company's acquisition of an initial 23 per cent interest in the Bina Bawi block, which completed on 3 August 2012 (together the "Acquisitions").


The Bina Bawi exploration block is in the centre of the Kurdistan Region of Iraq and covers an area of 240 square km. It is 50 km to the east of Erbil and is the adjacent block to Genel Energy's producing oil field Taq Taq. To date, 2 of the 3 exploration wells drilled on the block have encountered significant hydrocarbons. The most recent well, Bina Bawi-3, encountered a gross hydrocarbon column of more than 800 metres in the Jurassic zone and two Jurassic reservoir intervals tested separately achieved an aggregate flow rate of more than 4,000 barrels a day of light, 44 to 47-degree API oil. A further gross hydrocarbon column, estimated at over 1,000 metres, in the Triassic zone of Bina Bawi-3, remains untested but confirmed the gas find made in the first well in 2007. The overall results of Bina Bawi-3 continue to be reviewed, including the evaluation of deeper potential targets in the Triassic reservoirs. An extended well test will commence towards the end of the year. There are two further appraisal wells planned on the block this year. The Bina Bawi discovery is estimated to contain contingent resources of between 500 million to 1 billion boe.



Upon completion of the Acquisitions, Genel Energy will hold a 44 per cent. working interest in the PSC, OMV (Operator) will hold a 36 per cent. working interest and the KRG will retain a 20 per cent. working interest which is carried by the contractors pro rata to their PSC entitlements.


The Transaction is conditional on the receipt of approval from the Kurdistan Regional Government.


Commenting on the transaction, Tony Hayward, Chief Executive Officer of Genel, said:


"This acquisition gives us a material interest in a third major oil and gas development (alongside Taq Taq and Tawke) and reinforces Genel's leading position in the Kurdistan oil and gas province. It is consistent with our strategy of continuing to build our Kurdistan business through selective acquisitions and our ongoing exploration drilling programme."


For further information, please contact:

Genel Energy plc

Julian Metherell

Natalie Fortescue



+ 44 20 7659 5100

M: Communications

Patrick d'Ancona

Andrew Benbow


+44 20 7920 2340

I'm in today @680p.

Are you looking to hold long term mitzy, or just a quick punt? Am planning to have a stake in GENL in preference to others who intend to develop Kurdistan, but no spare cash atm.

Yes Harry will hold lt.

Worth between 1200p and 1500p a share imo.

could break 700p this time.

http://www.hurriyetdailynews.com/iraq-lost-fight-against-arbil.aspx?pageID=238&nid=27479&NewsCatID=348

Broken through 700p barrier.

is this a one trick pony?

Yes at the moment.
"The Company`s primary assets are oil and gas licences located in the Kurdistan Region of Iraq. Genel Energy plc has an interest in six Production Sharing Contracts (PSCs) with the Kurdistan Regional Government and is the largest producer of oil and the largest holder of reserves in the Kurdistan Region with interests in the Taq Taq and Tawke fields. The Group also has an exciting exploration portfolio across its six PSCs which it aims to drill over the next 12-18 months." (From their website).

Harry thanks for that, so are you saying its a bet on Kurdistan settling with Baghdad?

Much like GKP and others.

Tipped in todays Telegraph.

Questor shares tip: Genel is a speculative buy
Tony Hayward's oil vehicle Genel has seen its share price plunge. Questor thinks the shares are a speculative buy.
By Garry White
7:00AM BST 12 Aug 2012

Genel Energy
695p
Questor says SPEC. BUY

Genel, the oil investment vehicle headed by Tony Hayward, the former chief executive of BP, has been unloved by the stock market.

Since its purchase of Turkish oil group Genel Enerji, which owns producing and exploration assets in the Kurdistan region of Iraq, the shares have plunged by a third. The company is also backed by financier Nathaniel Rothschild and its finance director is Julian Metherell, a former Goldman Sachs partner.

Genel had $1.8bn (£1.15bn) of cash when it gave its last trading update. Last week it spent $240m buying an additional 21pc interest in a Kurdish oilfield called Bina Bawi to bring its stake to 44pc. This means that about 78pc of its current market capitalisation is backed by cash in the bank.

Indeed, part of the reason for the underperformance has been the "cash drag". Money sitting in a bank earns little return at the moment and the market has been waiting for a big acquisition.

However, Genel is the largest oil producer in the semi-autonomous region of Iraq. No agreement on an oil law with the Iraq central government has been reached, but there are signs that progress is being made on exporting more oil to Turkey.

Reports suggest discussions with the Kurdish and Turkish governments may result in the construction of a pipeline.

Questor recommended the shares as a speculative play in February when they were at 828p, but they have continued to fall. However, a canny M&A deal will be just the catalyst the share price needs. Genel is a speculative buy.

Up 30p first thing this am.

Terrific rise in the sp. Sadly it's going without me as fully invested elsewhere! Selfishly hoping for a pullback sub 700p!

Its never too late Harry.. Merril Lynch have a 1200p target.

http://www.moneyam.com/action/news/showArticle?id=4430165

Heritage up 20% well done to holders.

Genel to farm in to Sidi Moussa Offshore Block, offshore Morocco and assume operatorship

Genel Energy announces that it has agreed to farm in for 60 per cent of the licence interests to explore for and produce oil and gas in the Sidi Moussa Offshore Block, offshore Morocco ("Sidi Moussa")(the "Transaction"). As part of the Transaction, Genel Energy will assume operatorship.

http://www.moneyam.com/action/news/showArticle?id=4431686