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Genel Energy Plc receive $142 million of cash proceeds in 9M 2020

1 min read | November 03, 2020 11:28 AM GMT | By Team Kalkine Media
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Genel Energy Plc (LON:GENL) has released its trading and operational update for the third quarter and first nine months of 2020.

  • During the first nine months of 2020, the company received $142 million of cash proceeds.
  • The company as on 30 September 2020 was having net cash of $42 million compared to $57 million as at 30 June 2020.
  • On the operational front, the company’s net production averaged 32,140 bopd in the first nine months of 2020.
  • In the third quarter, the net production averaged 32,210 bopd as compared 30,040 bopd in Q2 2020.
  • On 3 November 2020, the stocks of the company remained unchanged at its previous closing, hovering at around GBX 109.60 at 08:43 AM GMT+1.

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