Genel Energy’s core assets are located in the Kurdistan Region of Iraq. Our portfolio currently contains a working interest of 155 MMbbls of 2P reserves across four fields: Taq Taq, Peshkabir, Tawke, and Sarta. Net reserves and resources across the portfolio total 5.6 BNboe.
Genel has the balance sheet strength to invest in growth and maximise shareholder value, while still retaining sufficient strength to initiate a material and sustainable dividend policy. Unrestricted cash balances at 31 December 2019 were $387 million, with net cash of $90 million.