Tullow Oil plc non-executive director Roald Goethe has purchased 700,000 ordinary shares of 10 pence each in the company for a total £103,390. The acquisition, in two blocks of 250,000 and two of 100,000 shares, were at a price between 14.6 and 15.07 pence per ordinary share. The transactions took place on 25 March 2025.
Tag: Tullow Oil plc
Tullow to sell Gabon assets for £300m
Tullow Oil plc has signed a binding heads of terms agreement to sell its non-core Gabon assets to Gabon Oil Company for £300 million in cash net of tax. OPTIMISATION The sale comprises non-operated assets of 10 thousand barrels of oil per day of 2025 production guidance and c.36 million barrels of 2P reserves. Tullow […]
Tullow appoints Richard Miller as interim CEO
Tullow Oil plc has appointed chief financial officer Richard Miller as interim chief executive, replacing Rahul Dhir whose departure was announced in December 2024. Mr Dhir is expected to leave the board on 14 February and remain available to Tullow until his notice period ends on 5 June. The company said that the process to […]
Tullow ruled exempt from $320m tax
Tullow Oil plc said it was not liable to pay $320 million tax on its offshore Ghana petroleum agreements following today’s ruling from the International Chamber of Commerce. FOCUS The amount relates to the branch profit remittance tax (BPRT) under the Deepwater Tano and West Cape Three Points petroleum agreements, which include the Jubilee and […]
Tullow NED in shares-senior notes purchase
Tullow Oil plc non-executive director Roald Goethe has bought 100,000 ordinary shares of 10 pence each in the company at £0.1964 per ordinary share. Today’s £19,640 purchase follows Mr Goethe’s acquisition on 18 December of one million of Tullow’s 7.00% senior notes due in 2025. The transaction on the OTC Bloomberg Euromarket Fixed was for […]
Tullow-Kosmos abandon offer talks
Tullow Oil plc today said that preliminary talks have ended over a possible all-share acquisition of the company by Kosmos Energy plc. CONFIDENT The company added that initial discussions had been at a “very early stage and before due diligence had progressed between the parties”. Kosmos’s own statement read that it “did not intend to make […]