Somaliland Operations Boost Genel Energy Stock Exchange Value

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Genel energy Somaliland

Somalilandsun: Genel Energy PLC (OTCMKTS:GEGYF) traded up 4.2% during trading on Tuesday . The stock traded as high as $2.49 and last traded at $2.49, 1,890 shares changed hands during mid-day trading. A decline of 70% from the average session volume of 6,345 shares. The stock had previously closed at $2.39.

The firm has a 50 day simple moving average of $2.48 and a 200 day simple moving average of $2.35.

Genel Energy Company Profile (OTCMKTS:GEGYF)

Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.

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Genel Energy Somaliland

Somaliland is a highly prospective, onshore exploration province, and Genel is targeting resources of over two billion barrels of oil. Continue reading

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