Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued the following update on licence activity.

Development of the Peshkabir field has been fast-tracked, with three new wells. The recently completed Peshkabir-4 well will shortly undergo production testing and the Peshkabir-5 well is drilling ahead at 2,250 meters. The Peshkabir-6 well was spudded as a development well last week and will also explore the field's deeper Triassic formation.

On the Tawke licence, 15,000 bopd of production from two Peshkabir wells is comingled with 90,000 bopd from the Tawke field for export through Turkey. A new Tawke Cretaceous well was brought onstream earlier this month at more than 5,000 bopd. Additional Tawke development wells will be drilled in 2018 following mobilisation of a fourth rig.