Edition:
India

Tullow Oil PLC (TLW.L)

TLW.L on London Stock Exchange

190.85GBp
23 Feb 2018
Change (% chg)

4.20 (+2.25%)
Prev Close
186.65
Open
186.05
Day's High
191.40
Day's Low
184.50
Volume
6,878,356
Avg. Vol
11,470,573
52-wk High
243.00
52-wk Low
142.30

Latest Key Developments (Source: Significant Developments)

Tullow Oil Says 2018 Group Production Guidance To Between 86,000 Boepd And 95,000 Boepd
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Tullow Oil Plc ::WEST AFRICA 2017 OIL PRODUCTION EXCEEDED EXPECTATIONS FOR THE YEAR AVERAGING 89,100 BOPD.IN EUROPE, WORKING INTEREST GAS PRODUCTION PERFORMED IN LINE WITH EXPECTATIONS WITH FULL YEAR NET PRODUCTION AVERAGING 5,600 BOEPD.2018 GROUP PRODUCTION GUIDANCE, FOR BOTH OIL AND GAS, TO BETWEEN 86,000 AND 95,000 BOEPD.FULL YEAR 2017 GROSS PRODUCTION FROM THE JUBILEE FIELD AVERAGED 89,600 BOPD.EXPECTS 2018 GROSS PRODUCTION FROM THE JUBILEE FIELD TO AVERAGE 75,800 BOPD.EXPECTS 2018 GROSS OIL PRODUCTION FROM THE TEN FIELDS TO AVERAGE 64,000 BOPD.EXPECTS TO REPORT REVENUE OF ABOUT $1.7 BILLION AND GROSS PROFIT OF ABOUT $0.8 BILLION FOR 2017.AS OF YEAR-END 2017, TULLOW HAS TOTAL HEADROOM INCLUDING FREE CASH OF $1.0 BILLION WITH NO MATERIAL NEAR-TERM DEBT MATURITIES.GROUP’S 2018 CAPITAL EXPENDITURE ASSOCIATED WITH OPERATING ACTIVITIES IS EXPECTED TO TOTAL ABOUT $460 MILLION.GROUP EXPECTS YEAR-END NET DEBT TO BE $3.5 BILLION; A REDUCTION OF OVER $1.3 BILLION OVER THE COURSE OF THE YEAR.  Full Article

Tullow Secures $2.5 Billion Debt Refinancing
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - TULLOW OIL PLC ::TULLOW SECURES $2.5 BILLION DEBT REFINANCING.‍US$2.5 BILLION OF CREDIT FACILITIES ARE SPLIT BETWEEN A COMMERCIAL BANK FACILITY OF US$2.4 BILLION AND AN IFC FACILITY OF US$100 MILLION​.‍FULLY COMMITTED FACILITIES ARE REVOLVING WITH A THREE-YEAR GRACE PERIOD AND FINAL MATURITY OF NOVEMBER 2024​.HAVE NO MATERIAL NEAR-TERM DEBT MATURITIES AND WILL ENTER 2018 IN A STRONG FINANCIAL POSITION​.  Full Article

Tullow Oil raises 2017 West Africa net oil production guidance
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Tullow Oil Plc ::2017 WEST AFRICA NET OIL PRODUCTION GUIDANCE REVISED UPWARDS TO 85,000 BOPD-89,000 BOPD FROM 78,000 BOPD-85,000 BOPD.2017 CAPEX GUIDANCE REDUCED TO ABOUT $300 MILLION; 2017 FREE CASH FLOW FORECAST OF AROUND $400 MILLION.NET DEBT AT OCT. 31 REDUCED TO $3.6 BILLION FROM $3.8 BILLION AT HY; RBL RE-FINANCING ON SCHEDULE TO COMPLETE BEFORE YEAR-END.FULL YEAR GROSS PRODUCTION GUIDANCE FROM GHANA'S JUBILEE FIELD INCREASED TO AROUND 89,000 BOPD (NET: 31,600 BOPD).  Full Article

Tullow Oil says ‍no significant reservoir quality rocks were encountered at ‍ARAKU-1 exploration
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Tullow Oil Plc ::‍ARAKU-1 EXPLORATION WELL IN SURINAME HAS BEEN DRILLED TO A TOTAL DEPTH OF 2,685 METRES AND PENETRATED OBJECTIVES OF ARAKU PROSPECT​.‍NO SIGNIFICANT RESERVOIR QUALITY ROCKS WERE ENCOUNTERED ALTHOUGH LOGGING AND SAMPLING PROVED PRESENCE OF GAS CONDENSATE.‍ARAKU-1 EXPLORATION WELL IS NOW BEING PLUGGED AND ABANDONED​.  Full Article

Tullow Oil says ‍acquired 90 pct stakes in 4 onshore blocks in Côte D'Ivoire​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Tullow Oil Plc ::‍ACQUIRED 90% STAKES IN FOUR ONSHORE BLOCKS IN CÔTE D'IVOIRE​.‍INTENDS TO INITIATE WORK IMMEDIATELY ON THESE LICENCES TO ALLOW FULL TENSOR GRADIOMETRY SURVEY TO START IN EARLY 2018​.  Full Article

Statoil buys stakes in Norway licenses from Tullow
Tuesday, 6 Sep 2016 

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 

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 

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 

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

UPDATE 3-Tullow swings into profit as focus shifts to Kenya

Feb 7 Africa-focused oil and gas producer Tullow Oil swung back into profit in 2017 after three years in the red, and outlined plans to begin production in Kenya by as early as 2021.