Genel Energy Received Payment under Receivable Settlement Agreement

Source: www.gulfoilandgas.com 11/8/2017, Location: Middle East

Genel Energy plc has received an override payment of $6.41 million from the Kurdistan Regional Government. The payment represents 4.5% of Tawke gross field revenues for the month of September 2017, as per the terms of the Receivable Settlement Agreement.

An entitlement invoice for that month's export deliveries has been issued separately and will be shared pro-rata with DNO upon receipt.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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