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BN 10/30 07:07 *GENEL ENERGY HAD CASH BALANCE AT END-SEPTEMBER OF $805M BN 10/30 07:06 *GENEL ENERGY SEES '13 KRI CAPEX AT EST. $450M BN 10/30 07:05 *GENEL FORECASTS '13 CAPEX TOWARD TOP END OF $500-550M GUIDANCE BN 10/30 07:05 *GENEL SEES FULL OIL EXPORTS VIA KRI EXPORT SYSTEM IN 1Q, 2014 BN 10/30 07:03 *GENEL KEEPS '13 REVENUE GUIDANCE UNCHANGED AT $300M-400M BN 10/30 07:03 *GENEL KEEPS '13 OUTPUT GUIDANCE UNCHANGED AT 45-55,000BOPD BN 10/30 07:03 *GENEL ENERGY 3Q AVG GROSS OUTPUT FROM TAWKE FIELD 61,000BOPD BN 10/30 07:02 *GENEL ENERGY 3Q AVG TRUCKED EXPORTS VIA TURKEY 29,000BOPD BN 10/30 07:01 *GENEL ENERGY 3Q AVG GROSS OUTPUT AT TAQ TAQ 85,000BOPD BN 10/30 07:01 *GENEL ENERGY 3Q AVG NET WORKING INTEREST OUTPUT RISES 10% Y/Y BN 10/30 07:01 *GENEL ENERGY 3Q AVG NET WORKING INTEREST OUTPUT 53,000BOPD BN 10/30 07:00 *GENEL ENERGY INTERIM MGMT STATEMENT
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Genel Energy 2013 Production, Rev. Guidance Unchanged 2013-10-30 07:08:11.774 GMT
By James Cone Oct. 30 (Bloomberg) -- 3Q net working interest production avgd 53,000bopd, +10% y/y. * Gross Taq Taq (44% working interest) production avgd c.85,000bopd; Gross Tawke (25% working interest) c.61,000bopd * 2013 production guidance unchanged at 45-55,000bopd; rev. guidance unchanged at $300-400m. * Cash at end-September $805m * 2013 capex forecast to be toward top end of $500-550m guidance * Co. says finalization of Turkey-KRI 10bcma Gas Sales Agreement is expected in 1Q 2014
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To contact the editor responsible for this story: James Cone at +44-20-7673-2572 or jcone@bloomberg.net