Business
Receipt of payment under RSA
Receipt of payment under RSA.
About this update from Genel Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0588F Genel Energy PLC 16 February 2018 \n\n16 February 2018\n \nGenel Energy plc\n \nReceipt of payment under Receivable Settlement Agreement\n \nGenel Energy plc ('Genel' or 'the Company') announces that the Company has received an override payment of $7.05 million from the Kurdistan Regional Government.\n \nThe payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement. \nTaken together with the monthly entitlement payments for Taq Taq and Tawke announced yesterday, Genel's net share of payments relating to November 2017 exports totals $26.81 million.\n \n-ends-\n \nFor further information, please contact:\n \n\n\n\n\nGenel Energy\nAndrew Benbow, Head of Communications\n\n\n+44 20 7659 5100\n\n\n\n\n \n\n\n \n\n\n\n\nVigo Communications\nPatrick d'Ancona \n\n\n+44 20 7830 9700\n\n\n\n\n \nNotes to editors:\n \nGenel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Through its Miran and Bina Bawi gas fields, the Company is positioned to be a cornerstone provider of KRI gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. For further information, please refer to www.genelenergy.com. \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFERFDIELIT\n ","length":3197,"tagName":"div"}]