Completion of acquisition
22 September 2015
Genel Energy plc
Completion of acquisition of interest in the Bina Bawi field
Genel Energy plc ('Genel') is pleased to announce that, following approval from the Kurdistan Regional Government, the acquisition of OMV's 36% operated stake in the Bina Bawi field has completed. As a result, Genel now holds an 80% operated interest in Bina Bawi.
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For further information, please contact:
| Genel Energy Ben Monaghan, Chief Financial Officer Phil Corbett, Head of Investor Relations Andrew Benbow, Head of Public Relations |
+44 20 7659 5100 |
| Vigo Communications Patrick d'Ancona |
+44 20 7016 9573 |
Notes to editors:
Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The Company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves and resources in the Kurdistan Region of Iraq and, through its Miran and Bina Bawi gas fields, is set to be a cornerstone provider of gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. For further information, please refer to www.genelenergy.com.