KEYFACT Energy
Genel Energy plc announces that the Taq Taq partners have received a gross payment of $6.7 million from the Kurdistan Regional Government ('KRG') for oil sales during August 2019. Genel's net share of the payment is $3.6 million.
The Company has also received an override payment of $7.4 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of August 2019, as per the terms of the Receivable Settlement Agreement.
The Company will update on any further payments in the trading and operations update scheduled for 16 January.