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Tullow Oil plc

TLW.L

Latest Trade

28.98GBp

Change

-1.81(-5.88%)

Volume

18,080,695

Today's Range

28.98

 - 

30.80

52 Week Range

7.17

 - 

142.50

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Tullow Oil CFO: expects to reach 1-2x gearing ratio by 2025

Nov 25 (Reuters) - :TULLOW OIL CEO SAYS WE HAVE REDUCED STAFFING BY ABOUT 60%.TULLOW OIL SAYS TARGETS $11/BBL OPEX THROUGH 2030.TULLOW OIL CEO SAYS WILL GIVE 2021 PRODUCTION GUIDANCE IN JANUARY.TULLOW OIL GHANA MD SAYS TARGETS TO INCREASE GAS OFFTAKE BEYOND 130 MMSCF/D FROM 2021.TULLOW OIL GHANA MD SAYS JUBILEE FPSO MAINTENANCE SHUT-DOWN PLANNED IN NEXT 18 MONTHS.TULLOW OIL GHANA MD SAYS 26 WELLS PLANNED AT JUBILEE FIELD UNTIL 2030, 23 WELLS AT TEN FIELD.TULLOW OIL GHANA MD SAYS TARGETING 40% ULTIMATE RECOVERY IN JUBILEE FIELD.TULLOW OIL CFO SAYS BUDGETS WITH NO LESS THAN $500 MILLION LIQUIDITY DRIVING NET DEBT DOWN TO $1-1.5 BILLION.TULLOW OIL CFO SAYS PLANS TO SPEND $325 MILLION IN 2021, OF WHICH $180 MILLION IN GHANA.TULLOW OIL CFO SAYS PLANS WITH AROUND $200 MILLION DECOM COSTS 2021/22.TULLOW OIL CFO SAYS EXPECTS TO REACH 1-2X GEARING BY AROUND 2025.TULLOW OIL CFO SAYS DON'T EXPECT DEBT RULE BREACH AT YEAR-END, PREMATURE TO TALK ABOUT JANUARY DEBT TEST.TULLOW OIL CEO SAYS EXPECTS TO KEEP HEDGING PROGRAMME UNCHANGED UNDER NEW STRATEGY.Further company coverage: TLW.L. ((Shadia.Nasralla@thomsonreuters.com;)).

Tullow Oil Gets Uganda Govt Nod For Asset Sale To Total

Oct 21 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL PLC TULLOW OIL PLC - FP TULLOW OIL PLC - NP - GOVERNMENT APPROVAL OF UGANDA ASSET SALE TO TOTAL.TULLOW OIL PLC - GOVERNMENT APPROVALS RECEIVED FOR $575 MILLION SALE OF UGANDA ASSETS TO TOTAL.TULLOW OIL PLC - EXPECTS TRANSACTION TO CLOSE IN COMING DAYS AFTER COMPLETING CERTAIN CUSTOMARY PRE-CLOSING STEPS WITH TOTAL.TULLOW OIL PLC - TULLOW IS ENTITLED TO RECEIVE CONTINGENT PAYMENTS LINKED TO OIL PRICE PAYABLE AFTER PRODUCTION COMMENCES.TULLOW OIL - UGANDAN MINISTER OF ENERGY AND MINERAL DEVELOPMENT ALSO APPROVED TRANSFER OF INTERESTS TO TOTAL AND TRANSFER OF OPERATORSHIP FOR BLOCK 2.

Tullow Oil Says Completed Bi-Annual Redetermination Of Its RBL Credit Facility

Oct 7 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL PLC - HAS COMPLETED BI-ANNUAL REDETERMINATION OF ITS RBL CREDIT FACILITY WITH $1.8 BILLION OF DEBT CAPACITY APPROVED BY LENDING SYNDICATE.TULLOW OIL PLC - GROUP RETAINS C.$500 MILLION LIQUIDITY HEADROOM OF UNDRAWN FACILITIES AND FREE CASH AT START OF Q4 OF YEAR.

Tullow Oil Says Mitch Ingram Appointed As Non-Executive Director

Sept 9 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL PLC TULLOW OIL PLC - FP TULLOW OIL PLC - NP - MITCH INGRAM APPOINTED AS A NON-EXECUTIVE DIRECTOR.

Tullow Oil Sees Material Impairment, Exploration Write-Offs At HY In Range Of $1.4 Bln-$1.7 Bln

July 29 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL - REVENUE FOR FIRST HALF OF 2020 IS EXPECTED TO BE C.$0.7 BILLION WITH A REALISED OIL PRICE OF $52/BBL, INCLUDING HEDGE RECEIPTS OF $131 MILLION.TULLOW OIL PLC - AT 30 JUNE 2020, NET DEBT IS EXPECTED TO BE C.$3.0 BILLION AND LIQUIDITY HEADROOM AND FREE CASH ARE EXPECTED TO BE C.$0.5 BILLION.TULLOW OIL PLC - FULL YEAR FREE CASH FLOW IS FORECAST TO BREAK EVEN AT CURRENT FORWARD CURVE..TULLOW OIL PLC - CAPITAL AND DECOMMISSIONING EXPENDITURE GUIDANCE FOR 2020 REMAINS UNCHANGED AT C.$300 MILLION.TULLOW OIL PLC - DECOMMISSIONING EXPENDITURE GUIDANCE FOR 2020 UNCHANGED A C.$65 MILLION.TULLOW OIL PLC - GROUP WORKING INTEREST PRODUCTION IN FIRST HALF OF 2020 AVERAGED 77,700 BOPD IN LINE WITH EXPECTATIONS.TULLOW OIL PLC - FULL YEAR PRODUCTION GUIDANCE HAS BEEN NARROWED TO 71,000-78,000 BOPD.TULLOW OIL PLC - GHANA OPERATIONAL PERFORMANCE HAS BEEN STRONG IN FIRST HALF WITH UPTIME ON BOTH FPSOS IN EXCESS OF 95 PER CENT..TULLOW OIL PLC - EXPECTS MATERIAL IMPAIRMENT AND EXPLORATION WRITE-OFFS TO BE RECORDED AT HALF-YEAR IN RANGE OF $1.4-1.7 BILLION.TULLOW OIL PLC - COMPLETION OPERATIONS ON NTOMME-9 PRODUCTION WELL AT TEN ARE ONGOING; WELL IS DUE ONSTREAM IN AUGUST.TULLOW OIL - AT 28 JULY, 60% OF 2020 SALES REVENUE HEDGED WITH A FLOOR OF $57/BBL, 44 PER CENT OF 2021 SALES REVENUE HEDGED WITH A FLOOR OF $51/BBL..TULLOW - IMPACT OF COVID-19 ON KENYA WORK PROGRAMME AND FISCAL FRAMEWORK HAS LED JV TO CALL FORCE MAJEURE ON LICENCES WHICH WILL DELAY FID.

Tullow Oil Says CNOOC Elects Not To Pre-Empt Sale Of Tullow's Assets In Uganda

May 28 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL PLC TULLOW OIL PLC - FP TULLOW OIL PLC - NP - CNOOC ELECTS NOT TO PRE-EMPT IN UGANDA.TULLOW OIL PLC - CNOOC UGANDA LIMITED (CNOOC) HAS INFORMED BOTH TULLOW AND TOTAL THAT IT WILL NOT PRE-EMPT SALE OF TULLOW'S ASSETS IN UGANDA TO TOTAL.TULLOW OIL PLC - WILL NOW LOOK TO PROGRESS TAX AGREEMENT FOLLOWING CNOOC'S DECISION NOT TO PRE-EMPT.TULLOW OIL - NO CHANGES TO PREVIOUSLY ANNOUNCED DEAL OR TIMELINE AND CO CONTINUES TO EXPECT DEAL TO COMPLETE IN H2 OF 2020.

Tullow Oil Says At AGM 67.06% Votes Cast In Favor Of A Resolution

April 23 (Reuters) - Tullow Oil PLC <TLW.L>::AT AGM 67.06% VOTES CAST IN FAVOR OF RESOLUTION TO ALLOT SHARES & TO GRANT RIGHTS TO SUBSCRIBE FOR/TO CONVERT ANY SECURITIES INTO SHARES.

Tullow Oil Announces Sale Of Uganda Stake To Total For $575M

April 23 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL PLC TULLOW OIL PLC - FP TULLOW OIL PLC - NP - SALE OF ENTIRE STAKE IN UGANDA TO TOTAL FOR $575M.TULLOW OIL PLC - TULLOW AGREES SALE OF ITS ENTIRE STAKE IN LAKE ALBERT.TULLOW OIL PLC - DEVELOPMENT PROJECT IN UGANDA TO TOTAL FOR US$575 MILLION IN CASH.TULLOW OIL PLC - DEVELOPMENT PROJECT IN UGANDA TO TOTAL FOR US$575 MILLION IN CASH PLUS POST FIRST OIL CONTINGENT PAYMENTS.TULLOW OIL PLC - CASH PAYMENTS OF US$500 MILLION ON DEAL COMPLETION AND US$75 MILLION AT FINAL INVESTMENT DECISION (FID).TULLOW OIL PLC - CONTINGENT PAYMENTS LINKED TO OIL PRICE TO BE PAID AFTER PRODUCTION COMMENCES.TULLOW OIL PLC - TRANSACTION MARKS FIRST STEP IN PORTFOLIO MANAGEMENT PROGRAMME TO RAISE IN EXCESS OF US$1 BILLION.TULLOW OIL - PROCEEDS TO BE USED TO REDUCE TULLOW'S NET DEBT, STRENGTHENING BALANCE SHEET, MOVING TULLOW TOWARDS A MORE CONSERVATIVE CAPITAL STRUCTURE.TULLOW OIL PLC - PROCEEDS TO BE USED TO REDUCE TULLOW'S NET DEBT.TULLOW OIL PLC - TULLOW AND TOTAL HAVE HAD SUPPORTIVE DISCUSSIONS WITH GOVERNMENT OF UGANDA AND URA IN RECENT WEEKS.TULLOW OIL PLC - DISCUSSIONS INCLUDES POSITION ON UGANDAN TAX ON CAPITAL GAINS, WHICH IS TO BE REMITTED BY TOTAL UGANDA ON BEHALF OF TULLOW UGANDA.

Tullow Oil Reaffirms FY Production Outlook

April 23 (Reuters) - Tullow Oil PLC <TLW.L>::TULLOW OIL PLC - GROUP PRODUCTION DELIVERING IN LINE WITH EXPECTATIONS IN Q1 OF 2020.TULLOW OIL PLC - GROUP PRODUCTION IN Q1 OF 2020 AVERAGED 75,800 BOPD, IN LINE WITH EXPECTATIONS.TULLOW OIL PLC - TULLOW'S FULL YEAR GUIDANCE REMAINS 70,000 - 80,000 BOPD.TULLOW OIL PLC - PRODUCTION OPERATIONS IN WEST AFRICA HAVE SO FAR NOT BEEN AFFECTED..TULLOW OIL PLC - . IN KENYA, A NUMBER OF KEY WORKSTREAMS HAVE BEEN SUSPENDED DUE TO COVID-19 RESTRICTIONS.TULLOW OIL PLC - Q1 2020 REALISED OIL PRICE OF C.$56/BBL INCLUDING BENEFIT OF C.$27 MILLION OF NET HEDGE RECEIPTS DURING PERIOD.TULLOW OIL PLC - . 60% OF 2020 SALES REVENUE HEDGED WITH A FLOOR OF C.$57/BBL AND 40% OF 2021 SALES REVENUE HEDGED WITH A FLOOR OF C.$53/BBL.TULLOW OIL PLC - FURTHER $85 MILLION OF CASH SAVINGS IDENTIFIED TO REDUCE CAPEX TO C.$300 MILLION AND DECOMMISSIONING SPEND TO C.$65 MILLION.

Tullow Oil Appoints Rahul Dhir As CEO

April 21 (Reuters) - Tullow Oil PLC <TLW.L>::APPOINTMENT OF RAHUL DHIR AS CEO.APPOINTMENT OF RAHUL DHIR AS CHIEF EXECUTIVE OFFICER AND AN EXECUTIVE DIRECTOR OF GROUP.RAHUL WILL TAKE UP HIS APPOINTMENT FROM 1 JULY 2020.DOROTHY THOMPSON, CURRENTLY EXECUTIVE CHAIR OF TULLOW, WILL RETURN TO HER POSITION AS NON-EXECUTIVE CHAIR.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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