">
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 said it had the solid platform and financial flexibility needed to execute its growth plans during 2018 and beyond.

Genel said a strong final quarter of 2017 completed a very positive year for the company.

It said 2017 net production averaged 35,200 bopd, with Q4 averaging 32,760 bopd.

Genel said combined net production from the Tawke and Taq Taq PSCs during 2018 was expected to be close to Q4 2017 levels.

Chief executive Murat Ozgul said: 'During the quarter, the successful Peshkabir-3 well result tripled production at the field to c.15,000 bopd, a figure that is expected to grow in 2018, while at Taq Taq the TT-29w well was brought on production.

'Payments for oil sales were received from the Kurdistan Regional Government in every month of 2017, totalling over $260m net to Genel and leading to $140m of free cash flow in the year.

'The 2017 payments were bolstered by the receipt of override payments in the fourth quarter under the receivable settlement agreement, and payments have continued in early 2018.

'The recently announced CPRs reaffirmed the potential of the Bina Bawi and Miran fields, with combined 1C gross raw gas resource estimates higher than the gas volumes agreed under the gas lifting agreements.

'The upstream field development plans are expected to complete shortly, and will help define the roadmap to unlocking the value in these major resources.

'The successful debt refinancing in late 2017, and the expectation of ongoing material free cash flow, provides us with a solid platform and financial flexibility to execute our growth plans during 2018 and beyond.'

StockMarketWire.com
Genel Energy said Wednesday production would be slightly ahead of guidance as output from its Peshkabir field in Iraq exceeded expectations.

Average net production for 2018 expected would be slightly above guidance of about 32,800 barrels of oil a day, and the exit rate production at the end of the year was expected 'considerably higher' than this figure, the company said.

The upbeat outlook on production were supported by positive results from wells at Peshkabir, which were expected to lead to a 'material' increased reserves, the company added.

For the three months to 30 September, the company production averaged 33,700 barrels of oil a day received cash proceeds of $85m, taking the total cash proceeds received so far this year to $236m.

Capital expenditure for 2018 was expected to be towards the bottom end of the previously stated $95m-to-125m guidance range, while operating expenditure for 2018 was expected to come in at about $25m, lower than previous guidance of about $30m. 'Genel continues to rapidly increase both production and cash, and is now in a net cash position, said Murat Ozgul, Chief Executive of Genel. 'Peshkabir is once again exceeding expectations, and drilling on the Taq Taq and Tawke fields provides the potential for working interest production to continue to grow. This can further increase our already material free cash flow generation. With notable opportunities in the portfolio, Genel is well positioned to generate significant shareholder value.'