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Tullow Oil PLC (TUWLF.PK)

TUWLF.PK on OTC Markets Group

28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Tullow Oil says Cara prospect operator estimates 25-70 boe
Friday, 16 Sep 2016 03:00am EDT 

Tullow Oil Plc : Cara discovery - offshore norway .Cara prospect well encountered gas column and an oil column; operator estimating between 25-70 million boe have been discovered.  Full Article

Statoil buys stakes in Norway licenses from Tullow
Tuesday, 6 Sep 2016 02:36am EDT 

Statoil Asa : Says increases share in the Wisting discovery . Statoil and Tullow Norge as have agreed on a transaction whereby Statoil will increase its equity in four licences on Norwegian Continental Shelf . Transaction includes Wisting discovery in Barents Sea . Reflects our strong belief in exploration potential on Norwegian continental shelf and our commitment to create value in barents sea . Statoil has a strong position in hoop area and sees further exploration potential which can bring synergies to area . Through this transaction Statoil becomes biggest equity holder in wisting discovery, so far only big discovery in hoop area of barents sea . Npd estimates wisting discovery to contain 241 million boe of recoverable resources . New, substantial discoveries are required to maintain production on ncs, and resource additions from northern norway are central in reaching this target . Agreement also gives access to interesting exploration prospects in norwegian sea and barents sea that will be matured for possible drilling in 2018 .Transaction is contingent upon approval of authorities.  Full Article

Tullow opens up over 4 pct as oil firm returns to profit in H1
Wednesday, 27 Jul 2016 02:00am EDT 

Tullow Oil Plc shares open up over 4 percent after co returns to profit in first half For full story, click on:.  Full Article

Tullow sets pricing for its $300 mln convertible bond offering
Wednesday, 6 Jul 2016 08:30am EDT 

Tullow Oil Plc : Initial pricing terms of its offering of $300 million of convertible bonds due 2021, announced earlier today . Initial conversion price will be set at 30 pct premium on volume weighted average price of an ordinary share opening and closing on July 6 .Settlement is expected to take place on or about July 12 2016.  Full Article

Tullow Oil in $300 mln convertible bond offering
Wednesday, 6 Jul 2016 02:00am EDT 

Tullow Oil Plc : Convertible bond offering . Today announces launch of an offering ( "offering") of $300 million of convertible bonds due 2021 ( "bonds"). .Further diversify tullow oil's sources of funding and proceeds will be used for general corporate purposes and to fund capital investment in group's assets in west and east africa..  Full Article

Tullow Oil PLC gives FY 2014 guidance
Thursday, 15 Jan 2015 02:00am EST 

Tullow Oil PLC:Expects to report FY 2014 revenue of $2.2 billion and gross profit of $0.6 billion.  Full Article

BRIEF-Tullow confirms some insurance cover for offshore Ghana oilfield

* Hull & machinery insurance cover has been confirmed for FPSO Kwame Nkrumah by its reinsurers following failure of turret bearing earlier this year