Exploration and appraisal activities in operated licences. The sale price of $575m represents a 42% discount to this valuation and values the oil at just $1.23 per barrel. The firm’s recent half-year results made it clear its financial situation remains serious. When the deal was agreed in April, the oil market had just crashed, and Tullow was starting to look desperate. The Motley Fool UK has no position in any of the shares mentioned. I continue to see Tullow shares as risky and with limited upside potential. Production activities in two non-operated fields. Tullow’s business model is to find and monetise oil from our portfolio of assets across Africa and South America. The TEN field achieved first oil in August 2016. The Ugandan assets were thought to contain 467m barrels of oil and were valued in Tullow’s 2019 accounts at $992m. The following share dealing services are available through our Registrars, Computershare Investor Services PLC. View current opportunities for suppliers. United Kingdom, Phone: +44 (0)20 3249 9000 Tullow Oil plc is registered in England and Wales: Number 3919249 Registered address: 9 Chiswick Park, 566 Chiswick High Road, London, W4 5XT, United Kingdom. Here’s what I’d do now, WZZM-TV Grand Rapids-Kalamazoo-Battle Creek. Access information for the Oguendjo Blend assay. Our purpose is to create shared prosperity through the exploration and development of oil and gas in emerging markets. Here, I’ll explain why I won’t be adding the stock to my portfolio anytime soon. Exploration interests in two operated offshore licences. The delivery of our strategy is dependent on the skills and expertise of our people. Although Tullow will also be entitled to payments linked to the price of oil after production starts, I wouldn’t get too excited about this. In my view, Dhir will have no choice but to continue running Tullow’s operations to maximise cash flow and, if possible, maintain current production levels. VAT number: 769 3613 91 Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! Can The Landlord Just Barge Into Your Home? Shared prosperity is at the heart of our sustainability framework and represents our aspiration to ensure that all we do in our host countries brings not only business benefits for Tullow, but also lasting improvements in the quality of life and the ability to generate better livelihoods in all the communities touched by our operations. Tullow PLC is a signatory to the UK HM Treasury’s Women in Finance charter. Tullow is committed to acting as a responsible steward of the environment and ensuring robust systems are in place for assessing and managing environmental risk.
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