Sign up
Oil Capital

'We are like North American shale producers except we make money', says Genel Energy's Bill Higgs

That's the message that Bill Higgs, Genel Energy's chief executive is taking to the US in a roadshow for potential investors there.

We are massively outperforming US shale producers, he told Proactive's Andrew Scott and we need to tell people just how resilient and reliable the business is.

"We are profitable at US$20 a barrel and currently very cash generative."

Genel recently strengthened its executive management team following the acquisition of two of Chevron’s projects in Kurdistan, which has boosted the pre-production side of its Iraqi/Kurdish portfolio.

We slightly beat our production forecast last year and with a fair wind can do it again in 2019, he added.


View full GENL profile View Profile
View All

© oil Capital 2019

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.