Tullow Oil Plc (PK) (TUWLF) News

$TUWLF Tullow oil reports 1H net profit and dividend payout; lowers FY production guidance

Tullow oil (OTCPK:TUWLF) posted doubled post-tax profit to $103M from $55M for 1H, and a payout of interim dividend of 2.35 cents per share; the group had suspended payouts in 2015.

Revenues declined to $872M, with gross profit of $527M and free cash flow of $181M for the period.

After having flagged delays for its East African onshore oil projects, Tullow said it now targets a final investment decision for its Kenyan onshore oilfields in 2H 2020.

In Uganda, a tax dispute has delayed the payment of more than $200M to Tullow after it sold part of a project to Total.
Tullow reiterated that it was “considering all options in pursuing the sale of its interests in Uganda”.

The company reduced oil production output outlook citing problems at its “TEN” group of fields off the coast of Ghana; forecasts output of 90,000-94,000 boed; in April, Tullow had cut its guidance to 90,000-98,000 from 93,000-101,000 barrels per day.

Hence for the year, full-year free cash flow is expected to be ~$400M, $50M below a previous forecast.

Reduced net debt and gearing to $2.9B and 1.8x

https://simbaenergy.ca/
Next to TULLOW oil IN KENYA IS HUGE. 3B oil Reserve
https://www.google.com/search?q=OTCMKTS:SMBZF&stick=H4sIAAAAAAAAAONgecRoxi3w8sc9YSndSWtOXmNU5-IKzsgvd80rySypFJLkYoOy-KV4ubj10_UNU8os0kvSKnkAxgeRBDsAAAA&sa=X&ved=2ahUKEwinyLCz6-XeAhWjg-AKHU6XDsUQsRUwDnoECAQQBA&biw=1280&bih=607&dpr=1.5

TUWLF bullish 2.85

normal chart




log chart

Bharat Petroleum eyes Tullow Oil’s Kenya Acreage ow.ly/SKpmw

I hope tullow is sued for 500 million! Loudmouth Company without money, Tullow will hurt! Warning tullow is a fraud Company no invest ! Warning

Tullow Lifts declaration of force majeure in Guinea.

http://ih.advfn.com/p.php?pid=nmona&article=62074656&symbol=HDY


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Tullow Lifts declaration of force majeure in Guinea.

http://ih.advfn.com/p.php?pid=nmona&article=62074656&symbol=HDY


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The 2012 year end presentation video is posted on the other Tullow board. It's a long one. I really like these Tullow guys and so do the Governments of Africa.

Good Luck....

http://investorshub.advfn.com/Tullow-Oil-UK-TUWOY-26237/

Thanks for the info, I have ben wanting to get some tullow for a long time. I am very interested in the Kenya prospects as I hold AOI & ERHE.

Reports...

http://www.tullowoil.com/reports/index.asp?pageid=2

You could get either through E-Trade. I would go with TUWOY as there is much better volume with that one.

Y = ADR (American Depositary Receipts)

F = Foreign securities, except ADRs

http://www.otcbb.com/symboldirectory/static.stm

I am mainly interested in the Guinea Concession that Tullow as just completed a JV with Hyperdynamics.

Hi, can you please explain to me the difference between the ticker symbols TUWLF & TUWOY ? if I wanted to buy, which one to get from E Trade?

thanks!

Tullow oil Web site...

http://www.tullowoil.com/

Tullow oil completes deal with Hyperdynamics....

http://ih.advfn.com/p.php?pid=nmona&article=55643792