Key Financial Results

• Revenue: US$37.6m (down 27% from 1H 2023).
• Net loss: US$21.0m (loss narrowed by 48% from 1H 2023).
• US$0.076 loss per share (improved from US$0.15 loss in 1H 2023).

KURDISTAN

With the ongoing suspension of the export pipeline meaning that the only market available is domestic sales, which are at heavily discounted prices, the Company has worked with its partners to minimise both operational spend and risking of capital, with no new wells drilled so far this year.

Gross production for the first half of 2024 was 78,050 bopd, well below what we would expect to produce if exports were available, but significantly higher than the first half last year, which produced minimal volumes after the pipeline was shut at the end of March.

The full report of Genel Energy First Half 2024 Results