Receipt of payment for KRI oil exports
10 May 2017 Genel Energy plc Receipt of payment for KRI oil exports from Taq Taq field Genel Energy plc ('Genel') is pleased to announce that the Taq Taq field partners have received a gross payment of $19.96 million from the Kurdistan Regional Government ('KRG') for oil sales during February 2017. Genel's net share of the payment is $10.98 million. The payment reflects full settlement of the invoiced amount for February 2017 oil sales, and incorporates $18.03 million towards contractor monthly entitlement and $1.93 million towards recovery of historical receivables. Gross