Tullow oil

Tullow oil shows promising future in its 2011 end of year statement

Tullow Oil plc (Tullow) issues this Trading Statement in respect of its financial year to 31 December 2011. This is in advance of the Group’s Full Year Results, which are scheduled for release on 14 March 2012. The Operational Update is in respect of recent production, development and exploration activities. The information contained herein has […]

Key issues of contention in Uganda’s oil sector reflected in case against Tullow and Government

Kampala based lawyer Hamada Mulumba has filed a petition in the High Court seeking an injusction against the government granting of oil licenses and approving oil deals and halting the activities of Tullow oil company. Through Bwambale , Musede and Co. Advocates, Mulumba states that 50% of the stake Tullow Bought from Heritage Oil was […]

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 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 […]

Tullow announces good oil results at Jobi-East-1 and Mpyo-3 oil wells in Uganda

Oil prosp[ecting company Tullow Oil has announced 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 company in a press statement says these wells have successfully calibrated large seismic and gravity data anomalies, which have now been proven as oil […]

Tullow to acquire the Ghanaian interests of EO Group Limited for $305 million

News Release: 26 May 2011 – Tullow Oil plc (“Tullow” or “the Company”) announces that today it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 million. This acquisition will increase Tullow’s interest in […]

Tullow oil supports Ministry of Health fight against Ebola outbreak

A private oil exploration company Tullow Oil Uganda has donated 75 million shillings to the ministry of Health to support the national campaign in the fight against Ebola. Tullow Uganda General Manager Dr Brian Glover says the contribution is to assist the ministry of health to support the communication campaign in promoting public sensitization and […]