Tullow Oil Plc releases a trading update

  • Nov 13, 2019 GMT
  • Team Kalkine
  • Net oil production from Ghana for the full year 2019 and forecast for non-operated portfolio is expected to average 87,000 bopd.
  • Capital expenditure for the full year is now estimated at $540 million while free cash flow forecast stands at $350 million.
  • Two tertiary oil discoveries have been reported from the Guyana exploration programme.
  • On 13th November 2019, TLW shares were trading at GBX 158.90 at GMT 11:12 AM, down 47 points or 22.83% from the previous day’s closing price level.

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