In acknowledgement that Tullow will not be able to make it on its own, management has been attempting to initiate merger talks with
Read MoreThe Ghanaian Government (Ghana National Petroleum Company) have signed a Memorandum of Understanding to extend oil
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Tullow issued a trading update before hosting its AGM later this morning. With no drilling in Q1, which included a 2-week planned
Read MoreThe exit of Tullow from its Kenyan operations is confirmation that the equity story is dead. Tullow Oil have agreed heads of terms for 100% of its interests in Kenya for $120m, $40m of which is payable on completion and an additional $40m by June 2026 at
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Tullow - No CEO, quickly becoming a one-trick pony. Tullow has sold its working interest in Gabon for $300m (to close over the summer), which leaves Tullow increasingly
Read MoreRahul Dhir, the CEO, is looking for a quicker exit than we anticipated, as he is resigning from the Board on February 14th. Tullow continues to
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Our projections for net debt was $1.5bn, $100m higher than Tullow’s own guidance in November. Now, Tullow is guiding $1.45bn, splitting the difference, with
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Tullow Oil is in the process of identifying the 2026 SSN holders, which some see as a precursor to a liability management exercise. Senior Secured Bondholders have
Read MoreTullow have won their first arbitration. As a result of the Tribunal's award, Tullow Ghana is not liable to pay the $320 million BPRT assessment issued by the Ghana Revenue
Read MoreWhat a difference a word makes. Tullow and Kosmos have both made statements stating the preliminary discussions between the two are taking place, with a
Read MoreRahul Dhir, the CEO of Tullow has indicated his intention to resign from Tullow in 2025. This is a surprise with Tullow entering into a crucial period with
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Production, as always, is the key. Tullow Oil released its November trading statement confirming its full-year guidance. But behind the headline, there are
Read MoreWhat about the LOC? Tullow has downsized its undrawn RCF from $500m to $250m and extended to June 2025, with no mention of the LOC. Tullow has a
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H1 results in line with expectations following the lowering of guidance at the AGM in May. Tullow still targets reducing Net Debt to $1.4bn or 1.0x Net Debt/EBITDAX. CAPEX and
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A concise trading statement from Tullow before their AGM today. Tullow are maintaining their cash flow guidance for FY24 and FY25 but production in Q1 was
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Tullow had already given us the headline numbers about FY23, so our main focus was production guidance for FY24 and beyond. Guidance is 62-68k boepd, up from
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Tullow released its trading statement this morning, confirming FY23 production levels and providing guidance for FY24. Headlines will be dominated by
Read MoreOnly $141m of Tullow Sub Bonds were tendered at 92%, spending c.$130m of the $300m allocated to the tender. With the bonds trading in the
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