The government of Uganda has promised that later this year it will lift a moratorium on awarding oil prospecting licences to interested companies. The Prime Minister, Prof. Apollo Nsibambi says that the government through the Ministry of Energy and Mineral Development had placed a hold on issuing out licences to first ensure there is adequate […]
10 November 2010 – Tullow Oil plc (“Tullow”) issues the following Interim Management Statement, for the period 1 July to 9 November 2010, in accordance with reporting requirements of the EU Transparency Directive. The Group will announce its full year Trading Statement and Operational Update on 20 January 2011. To date, in the second half […]
Good news seems to be in bounty at Tullow oil plc following Tuesday’s conformation of purchasing Heritage Oil and Gas interests in Uganda, and now on Wednesday the conformation of a major oil well its exploration campaign in western Uganda. Tullow announced today that the Ngiri-2 appraisal well, which is located in the Butiaba region […]
A row between the government of Uganda and a British Heritage Oil Company over taxes has deepened with the Uganda Energy and minerals minister insisting that Heritage Oil Company must pay taxes to receive an endorsement from the Uganda government over the sale of its Western Uganda oil wells to Tullow Company. Heritage Oil Company […]