GEGYF OTC

Genel Energy plc functions as an independent entity specializing in the exploration and extraction of oil and gas, primarily operating through its subsidiary companies. Its operations are divided into two distinct divisions: Production and Pre-production. Within its Production segment, Genel holds working interests in several key Kurdistan Region of Iraq (KRI) assets, including a 25% share in the Tawke Production Sharing Contract (PSC), a 44% interest in the Taq Taq PSC, and a 30% stake in the Sarta PSC. The Pre-production segment comprises a varied collection of early-stage projects. These include a 40% working interest in the Qara Dagh PSC, also situated in KRI. Furthermore, it possesses interests in Somaliland (a 50% share in Odewayne and 51% in SL10B13) and a 75% working interest in the Lagzira venture in Morocco. By the end of 2021 (specifically, December 31st), the company reported proven net working interest reserves totaling 63 million barrels (MMbbls). Its aggregate proven and probable net working interest reserves stood at 104 MMbbls. Genel Energy plc's corporate headquarters are located in London, United Kingdom.