Key Developments: Tullow Oil PLC (TUWLF.PK)

TUWLF.PK on OTC Markets Group

22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Tullow Oil PLC maintains interim dividend
Wednesday, 30 Jul 2014 02:01am EDT 

Tullow Oil PLC:Proposing to maintain interim dividend at 4.0 pence per share (1H 2013: 4.0 pence per share).Dividend will be paid on Oct. 3 to shareholders on the register on Aug. 29.  Full Article

Tullow Oil PLC reaffirms FY 2014 production guidance
Wednesday, 2 Jul 2014 02:00am EDT 

Tullow Oil PLC:Says production guidance remains unchanged for FY 2014 at 79,000 to 85,000 boepd.  Full Article

Tullow Oil PLC announces sale UK gas assets
Wednesday, 30 Apr 2014 02:01am EDT 

Tullow Oil PLC:Sasys its subsidiary Tullow Oil SK Limited enter into agreement to sell 53.1 pct of its Schooner unit interest (currently 93.1 pct) and 60 pct of its Ketch asset in the UK Southern North Sea to Faroe Petroleum (U.K.) Limited (Faroe).Total consideration is equivalent of $75.6 mln plus royalty on future Schooner developments.Of 75.6 million total consideration, 58.8 million will be paid on completion of sale with balance payable on achievement of cumulative production milestones.Purchase has effective date of Jan. 01, 2014 and is expected to complete by end of the year at which point operatorship of Schooner and Ketch will transfer to Faroe.  Full Article

Swala Energy Ltd and Tullow Oil PLC commences second seismic acquisition program in Kenya
Monday, 21 Apr 2014 07:00pm EDT 

Swala Energy Ltd:Says 2D seismic acquisition program in Block 12B, Kenya has commenced.The work will be carried out by BGP International.Swala and Tullow Kenya BV, subsidiary of Tullow Oil PLC, will acquire about 350km of 2D seismic over the coming weeks and the data will be processed as the survey progresses.  Full Article

Tullow Oil prices offering of notes due 2022
Thursday, 3 Apr 2014 10:15am EDT 

Tullow Oil PLC:Priced its offering of $650 mln aggregate principal amount of 6.250 pct senior notes due 2022 at par (the Notes).  Full Article

Tullow Oil PLC proposes final dividend
Wednesday, 12 Feb 2014 02:00am EST 

Tullow Oil PLC:Proposes a final dividend of 8.0 pence per share (2012: 8.0 pence per share).The dividend will be paid on May 9, to shareholders on the register on Apr. 4.  Full Article

Africa Oil Corp in partnership with Tullow Oil PLC announce two additional oil discoveries in Kenya - All Africa
Thursday, 16 Jan 2014 07:00pm EST 

Africa Oil Corp:Announces that the Amosing-1 and Ewoi-1 exploration wells in Block 10BB, onshore Northern Kenya, have resulted in the discovery of two new oil fields.Says these two wells continue the 100 percent success rate in the South Lokichar Basin with seven out of seven discoveries to date.Says based on results of drilling, wireline logs and samples of reservoir fluid, the Amosing-1 well has intersected potential net oil pay of 160 to 200 meters.Says on the eastern side of the basin known as the rift flank play, the Ewoi-1 well has encountered potential net pay of 20 to 80 meters and has continued to de-risk the basin flank play opened up by the Etuko-1 well in 2013 located 4 kilometers to the east.Says following completion of logging operations, the wells will be suspended for future flow testing which will confirm the net pay counts. These two rigs will mobilize to drill the Emong-1, and the Twiga South-2 appraisal well, both located in Block 13T.Says that the company has a 50 percent interest in both discoveries with operator Tullow Oil PLC holding the remaining 50 percent interest.  Full Article

Tullow Oil PLC gives FY 2014 production guidance
Wednesday, 15 Jan 2014 02:00am EST 

Tullow Oil PLC:Sees FY 2014 production guidance between 79,000 to 85,000 boepd.Says this forecast accounts for the sale of the Bangladesh assets.  Full Article

Tullow Oil PLC's and Africa Oil's Agete-1 Exploration Well Discovers Moveable Oil in Kenya
Friday, 22 Nov 2013 02:00am EST 

Tullow Oil PLC (Tullow) announced that the Agete-1 exploration well in Block 13T, onshore Northern Kenya, has discovered and sampled moveable oil with an estimated 100 metres of net oil pay in sandstone reservoirs. The Agete-1 wildcat well is part of an exploration campaign and has made the fifth consecutive oil discovery in the first of a chain of multiple rift basins across Tullow's acreage in the region. The Sakson PR5 rig drilled Agete-1 to a total depth of 1,930 metres. Following completion of logging operations the well will be suspended for future flow testing which will confirm the net pay count. Tullow operates the Agete-1 well with a 50% interest and Africa Oil (50%) has a non-operated interest.  Full Article

Tullow Oil PLC intends to Offer USD 500 Million Senior Notes
Thursday, 24 Oct 2013 08:00pm EDT 

Tullow Oil PLC announced that it intends to offer USD 500 million in aggregate principal amount of senior notes due 2020 (the “Notes”). The Notes, whose net proceeds will be used to repay certain existing indebtedness under the Company's credit facilities (but not cancel commitments under such facilities), will be the senior obligations of the Company and guaranteed by certain of the Company’s subsidiaries. Interest will be payable semi-annually. The interest rate, offering price and other terms will be determined at the time of pricing of the offering, subject to market conditions.  Full Article

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