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.
Tag: Tullow Oil plc
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 […]
Tullow narrows guidance ahead of ‘harvesting mode’
Tullow Oil plc said it was preparing to reap from its investments as its six-month profits halved and full-year guidance narrowed. FINANCES The group posted revenue of $777m (H1 2022: $859m) from falling oil prices despite an increase in sale to 56,900 boepd (53,500 boepd). Pre-tax profit from continuing activities decreased to $217m ($561m) The […]
Tullow sells Guyana subsidiary or potential $14.7m
Tullow Oil plc will sell its Guyana subsidiary, including its operated 60% in the Orinduik licence, to Eco Guyana Oil & Gas (Barbados) Ltd for an approximate potential of $14.7 million in cash and contingent payments. EXPLORATION Tullow said its decision to exit Orinduik was in line with its strategy to focus on its assets […]
Tullow granted more time for Gabon licences
Tullow Oil plc has increased its resource base in Gabon with the extension of several of its licences until 2046. TCHATAMBA The company said that government approval will add some 5mmbbls net 2P reserves that will deliver 100% 2P reserves replacement this year. “This activity is in line with the group’s strategy to focus on […]
Tullow Oil adds second well to exceed 100,000 bopd at Jubilee South East
Tullow Oil plc has produced more than 100,000 bopd after bringing on stream a second well at the recently started Jubilee South East (JSE) project, offshore Ghana. BUSINESS PLAN The company said that both the JSE wells were performing in line with expectations and increased production rates by 50% compared with the first half of 2023. […]