Tullow Oil plc swung to a loss driven by impairments and write-offs totalling $435 million from its operations. RELENTLESS Year results for 2023 showed loss from continuing activities of $110m compared with a $49m profit in 2022. The group wrote off exploration costs of $27m (2022: $105 million) mainly in Kenya following withdrawal of the JV partners. A re-assessment of risks resulted […]
Tag: Tullow Oil plc
Tullow Oil NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe purchased 200,000 ordinary shares of 10 pence each in the company at a price of £0.38 per ordinary share. The four 50,000 share purchases for a total £76,595 took place on 29 December 2023.
Tullow Oil NED buys 200,000 shares
Tullow Oil plc non-executive director Roald Goethe bought a total 200,000 ordinary shares of 10 pence each in the company, for an average price of 38 pence per ordinary share. The first purchase of a total 100,000 shares for £38,635 took place on 27 December, followed by a further 100,000 shares for £38,510 on 28 […]
Tullow Oil NED buys 150,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 150,000 ordinary shares of 10 pence each in the company. The purchase in three groups totalling 150,000 shares, at an average price of 37p per share for a total £55,940 was on 22 December.
Tullow Oil NED acquires further 100,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought an additional 100,000 ordinary shares of 10 pence each in the company at a price of 33 pence per ordinary share. The £33,180 transaction was on 12 December.
Tullow Oil signs $400m debt facility with Glencore
Tullow Oil plc has secured a $400 million five-year debt facility and off-take contracts with Glencore Energy UK Ltd. BUSINESS PLAN The Africa-focused company will be able to draw down funds over a period of 18 months to manage its senior notes maturing in March 2025. Tullow has also signed oil marketing and offtake contracts with Glencore for […]