London based oil and gas firm Genel Energy told investors at its annual general meeting on Thursday that momentum seen during its "landmark 2017" had carried on into 2018.
Kurdistan-focused oil and gas business Genel Energy updated investors on the status of its oil reserves on Wednesday after a competent persons report on its assets revealed a significant increase in oil resources at its Bina Bawi project.
Diageo plc: Berenberg retains hold with a target price of 2,550p.
Kurdistan-focused oil business Genel Energy said on Thursday that full-year net production was expected to fall by a third, as output from its flagship Taq Taq oilfield in Iraq's north dwindled throughout the year.
Oil and gas exploration and production business Genel Energy has reached an agreement with the Kurdistan Regional Government for a twelve-month extension to fulfil the conditions precedent within its gas lifting agreements in the region.
Independent oil and gas exploration company Genel Energy has agreed with the Moroccan government over the nature, scope and timing of the activity at the Sidi Moussa offshore licensed acreage in Morocco.
Iraq has taken control of key areas of the disputed city of Kirkuk, seizing the international airport, a key oil field and a military base in what is an oil-rich area bordering the Kurdistan Region.
Genel Energy: Deutsche Bank upgrades to Hold with a target price of 154p.
Genel Energy has announced receipt of payment for oil shipments from two licences in Iraq's Kurdistan region.
Direct Line: Credit Suisse upgrades to Outperform with a target price of 410p.
Oil producer Genel Energy has appointed oil and gas industry veteran Esa Ikaheimonen as its chief financial officer with effect from 3 July.
Analysts at Canaccord Genuity downgraded their recommendation on shares of Genel Energy following the recent string of top level management exiting the firm, especially those announced the day before.
Burberry: HSBC downgrades to Reduce with a target price of 1580p.
Shire Pharmaceuticals: HSBC downgrades to Reduce with a target price of 4450p.
Analysts at Jefferies revised their medium and long-term price assumptions for Brent oil lower, downgrading shares of Ophir Energy, Soco International and Premier Oil in the process.
Tony Hayward will step down from the board of Genel Energy, as the former BP chief executive parts company with the Kurdish oil producer he co-founded.
Analysts at Barclays lowered their target prices for a broad swathe of European Oil &Gas explorers and producers as they marked down their short and medium-term assumptions for the Brent price deck.
Tesco: HSBC reiterates Buy with a target price of 260p.
Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p.
Genel Energy has finalised documentation of previously agreed terms for the amended and restated production sharing contracts (PSC) and gas lifting agreements (GLA) for both the Miran and Bina Bawi gas fields.