The payment reflects full settlement of the invoiced amount for July 2016 oil sales,
Genel Energy notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $37.40 million from the Kurdistan Regional Government for oil sales during July 2016.
The payment reflects full settlement of the invoiced amount for July 2016 oil sales, and includes $31.37 million toward the monthly entitlement and $6.03 million towards recovery of historical receivables. The payments will be shared pro-rata by DNO and Genel.
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