March 22 (LNGJ) - Genel Energy plc, the London-listed oil and natural gas company with interests off the beaten track in Kurdistan and Somaliland, reported annual revenues of $432.7 million, an increase on the previous year’s $334.9M and also posted operating profit of $18.3M.
“We have a very strong balance sheet with $495M of cash, net cash of $228M, at the end of 2022 and no debt maturity until 2025,” said the company. Genel has stakes in licence areas such as the Tawke and Sarta fields in Kurdistan and is preparing drilling of the Toosan-I well in Somaliland.
