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An update from Genel Energy ( (GB:GENL) ) is now available.
Genel Energy has entered into an Exploration and Production Sharing Agreement in Oman, acquiring a 40% interest in Block 54, partnering with OQ Exploration & Production SAOG. This strategic move is part of Genel’s plan to diversify geographically and establish a significant presence in Oman, leveraging the country’s stable regulatory environment and promising oil and gas sector to expand its resource base and cash generation capabilities.
More about Genel Energy
Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange. The company focuses on oil production and is committed to geographical diversification and expanding its portfolio.
YTD Price Performance: -8.57%
Average Trading Volume: 3,499
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $221.9M
For a thorough assessment of GENL stock, go to TipRanks’ Stock Analysis page.