Ghana oil industry

Tullow oil announces Acquisition of Ghanaian interests of EO Group Limited

News Release: Further to the announcement made on 26 May 2011 in relation to the conditional acquisition of the Ghanaian interests of EO Group Limited for $305 million, Tullow Oil plc (Tullow) is pleased to announce that all of the conditions to the acquisition were satisfied and the acquisition completed today. This acquisition, with an […]

Tullow oil sells shares on Ghana Stock Exchange

Tullow Oil plc (Tullow) is pleased to announce that it has allotted 3,531,546 ordinary shares of 10p each in the capital of Tullow (Shares), which rank pari passu with the existing Shares in issue, pursuant to the offer for subscription of up to 4,000,000 Shares (the Offer) in connection with Tullow’s secondary listing on the […]

Tullow oil held Makore well finds oil deposits

Kosmos Energy, the operator of the Makore-1 exploration well offshore Ghana, in which Tullow Oil plc (Tullow) is a 22.896% partner, today issued the following press release. Kosmos Energy (NYSE: KOS) announces today that the company’s Makore-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana encountered 37 meters (121 […]

Tullow Oil plc Trading statement and Operational update

Tullow oil plc has released a mid year tradig statement and operational statement indicating tremendous success in its Ghana and Uganda oil drilling campaigns. • Record first half revenues; strong operational performance • 79% E&A success ratio; frontier wells in new territories to feature in the second half 5 July 2011 – Tullow Oil plc (Tullow) issues […]

Tullow strikes good oil reserves in Ghana’s Banda-1 oil well

Tullow Oil plc (Tullow) has announced that the Banda-1 exploration well in the West Cape Three Points licence offshore Ghana has discovered oil in Cenomanian-aged reservoirs and that the Jobi-East-1 and Mpyo-3 wells, in Exploration Area 1 (EA1) onshore Uganda, have both successfully encountered oil in line with pre-drill expectations. The Banda-1 well, located 9.6 […]