Shares in Genel Energy nosedived this week after the Iraqi Kurdistan-focused company unveiled another gloomy output projection for its flagship Taq Taq field.
The company is also withdrawing from a number of exploration blocks as it curtails activity in the financially-troubled autonomous region.
Genel shares fell as much as 11% to 73.40 pence on the London Stock Exchange on Tuesday after the company released a trading statement.
