Oil and gas producer Genel Energy confirmed that it is in negotiations with Longford Energy over the possible acquisition of an additonal 40% stake in the Chia Surkh oilfield in the Kurdistan region of Iraq.
The announcement moved the share price 0.32% lower to 790.5p by 15:51.
NR
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Singapore Technologies Engineering shows strong growthSingapore Technologies Engineering offers diversification, improving profitability and income
-
Baillie Gifford trusts gain from SpaceX valuationBaillie Gifford's funds have gained from Elon Musk’s relationship with US president-elect Donald Trump. Are private investments really a safe bet?
