Genel Energy Plc · LSE:GENL
Genel Energy — H1 2026 Earnings Presentation
9 slides from Genel Energy's earnings presentation, August 2026
Slide 1: HY2026 results
HY2026 results August 2026 LSE: GENL A socially responsible contributor Paul Weir, Chief Executive Officer | Luke Clements, Chief Financial Officer to the global energy mix
Slide 2: Genel overview
Genel overview A resilient, cash-generative platform with significant unvalued potential 6,600 ~$4 14.4 Zero bopd /bbl kgCO₂e/bbl LTIs | 4.8m hrs WI Production Operating Costs Carbon Intensity Safety 64 MMbbls $199 $108 $(4) million million million Net 2P Reserves (YE25) Cash Balance Net Cash EBITDA
Slide 3: Our strategy
Our strategy Building a business with resilient, diversified cash flows that delivers sustainable value to shareholders Maintain Strong Maximise Cash Investment in Balance Sheet Generation New Cash Flows • Significant cash balance and appropriate • Tawke ~80,000 bopd gross production until • Discipl
Slide 4: Proposed acquisition of Capricorn Energy
Proposed acquisition of Capricorn Energy A significant step in our long-standing strategy to diversify geographically and acquire new assets New strategic pillar in Egypt, Adds scale, diversification, Formidable MENA focused Entry to Strategic fit, a plan to build out cash generative assets and E&P
Slide 5: Tawke PSC: world-class asset
Tawke PSC: world-class asset Asset and operator keep delivering Tawke PSC gross production Gross 2P Reserves 254 MMbbls (bopd) 90,000 42 82,000 81,000 Net 2P Reserves 64 MMbbls 79,000 77,000 77,000 80,000 75,000 70,000 40 70,000 HY2026 Gross Production 26,400 bopd (avg) 60,000 38 50,000 47,000 36 HY
Slide 6: Significant cash and low leverage balance sheet
Significant cash and low leverage balance sheet Significant funding flexibility for strategic objectives Cash movement HY2026 ($m) 6 months to 30 June 2026 • Operating cash flow break even, despite - production suspension from March to July • Value accretive capital investment in Tawke (16) (4) (5)
Slide 7: Oman Block 54 (40% working interest, OQEP Operated)
Oman Block 54 (40% working interest, OQEP Operated) 2026 Work Programme geared towards drilling 1st MWO well in most optimal location Key milestones Objectives: ✓ BW-1 re-entry and testing (completed) • Targeting reservoirs proven in adjacent Block 53 (Oxy, Mukhaizna) and ○ Seismic reprocessing (202
Slide 8: Somaliland Block SL10B13 (51% WI, Operator)
Somaliland Block SL10B13 (51% WI, Operator) An opportunity for material discovered resource addition from the existing portfolio Readiness Block SL10B13 straddles 18,000 km² of a basin, defined by modern seismic ○ Civil engineering c.80% complete data, conjugate to the prolific multi-billion-barrel
Slide 9: Build a business with resilient, diversified cash flows that delivers consistent value to shareholders
Build a business with resilient, diversified cash flows that delivers consistent value to shareholders Maintain Strong Maximise Cash Diversify Production Platform Generation & Free Cash Flow • Significant funding flexibility • Continued cost discipline • Completion of Capricorn acquisition • Cash $2