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Genel Energy PLC - London-based oil company focused on the Kurdistan region - Reports its 2021 net oil reserves are down against the previous year across its portfolio. At December 31, 1P net oil reserves stood at 62.6 million barrels, down from 69.4MMbls a year ago. 2P reserves stood at 104.2MMbls, down from 117.2MMbls year-on-year and 3P reserves fell to 136.6MMbls from 177.2MMbls.
Current stock price: 135.80 pence, down 2.2% in London
12-month change: down 19%
By Heather Rydings; heatherrydings@alliancenews.com
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