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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

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

Genel Energy to farm in to Area 4 (Blocks 4,5,6 & 7) Offshore Malta

Genel Energy announces that it has agreed to farm in for 75 per cent of Mediterranean Oil and Gas Plc's (MOG) licence interests to explore for and produce oil and gas in the Area 4 Offshore Malta ("Area 4")(the "Transaction").

http://www.moneyam.com/action/news/showArticle?id=4431687

Update on acquisition of additional interest in the Miran Block

On 21 August 2012, Genel Energy announced that it had entered into a sale and purchase agreement to acquire an additional 26 per cent interest in the Miran exploration block in the Kurdistan Region of Iraq (the "Miran Block") from Heritage Energy Middle East Limited ("HEME") (the "Acquisition").

Genel Energy today announces that, following discussions with the Ministry for Natural Resources in the Kurdistan Region of Iraq, Closing took place under the sale and purchase agreement yesterday. Following such Closing and formal approval of the Acquisition by the Regional Council for the Oil and Gas Affairs of the Kurdistan Region - Iraq, Genel Energy will, combined with its existing holdings, have a 51 per cent working interest in the Miran Block.

Genel Energy and HEME have agreed to establish a new joint venture company for the purposes of managing the Miran Block, to be held between them pro rata to their working interests in the field. HEME will transfer the operatorship of the Miran Block to the new vehicle within 60 days.

Simultaneously, Heritage Oil Plc ("Heritage") drew down $294 million from its bilateral loan with Genel Energy, the terms of which were previously announced on 21 August 2012. The Loan is made on standard commercial terms and is secured against both Heritage's interest in the share capital of HEME and Heritage's working interest in the Miran Block.

Half year results:
http://www.moneyam.com/action/news/showArticle?id=4431708

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

· Development plans on track to deliver material production capacity growth at both Taq Taq and Tawke - currently 76,000 bopd (net), targeting 140,000 bopd (net) in 2014

· Construction of the new export pipeline infrastructure in the Kurdistan Region underway

· Appraisal programme delivering results; Net 2P reserves increased by 14% to 468 mmbbls following significant reserve upgrade at the Tawke field

· Significant resource additions acquired in the Kurdistan Region: 44% interest in Bina Bawi and additional interests in Chia Surkh (40%) and Miran (26%), adding over 500 mmboe of net contingent and prospective resources with significant upside

· 2012-13 major exploration programme of 7 high impact exploration wells targeting 650 mmboe of unrisked resource potential, proceeding to schedule

· Established a high impact African exploration portfolio through the acquisition of material positions in Somaliland, Morocco, Cote d'Ivoire and Malta (circa 25,000 km2 net exploration acres)

· Free cash flow positive in the first half, with capital expenditure on the exploration, appraisal and development programme in the Kurdistan Region funded entirely from operating cash flow

· Good progress in building operating and technical capability.

Outlook
· Average net working interest production for the full year expected to be circa 40,000 bopd, excluding any export sales. Sales revenue guidance for 2012 remains at circa $250-$300 million

· Continuing progress on the appraisal and development programmes at Taq Taq and Tawke to deliver production capacity growth and resource additions

· Exploration programme to continue throughout 2012: completion of additional testing on Peshkabir 1 and Ber Bahr 1, key wells to be spudded at Taq Taq Deep, Tawke Deep and Chia Surkh 10

· Significant cash resources of circa $1 billion (post the Bina Bawi and Miran acquisitions and the Miran loan) available for future acquisitions

· Pursuing further opportunities to deepen resource potential in the Kurdistan Region at the same time as geographical diversification through the acquisition of a high impact exploration portfolio within the Middle East and Africa.

Its all happening harry.