Genel Energy PLC (LON: GENL) shares surged 23% to 61.48p after the Kurdistan-focused oil producer rejected a £202 million takeover approach from Norwegian rival DNO.
Gas prices rise due to reduced Norwegian production.
European natural gas prices have surged, continuing from last week, due to disruptions in Norwegian supplies to the UK and mainland Europe.
Operations Resume at Genel Energy’s (LON:GENL) Partly Owned Tawke Oil Field
Genel Energy PLC (LSE:GENL, OTC:GEGYY) revealed that DNO, the Norwegian oil and gas operator, has partially resumed operations at the Tawke field.
Europa Oil & Gas (Holdings (EOG.L) Acquisition of offshore Ireland licence
Acquisition of offshore Ireland licence in proven gas play