Genel reports major production increase in Kurdistan (GENL)

Shares in Genel Energy (LSE:GENL) were trading flat at 266p today despite the firm revealing a two-thirds increase in production at its Peshkabir field in Kurdistan following a critical well-test programme. As a result of the competition of a well testing program at Peshkabir-4, production at Peshkabir, located on Genel’s 25pc-owned Tawke production sharing contract,…