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TLW Tullow Oil Plc

36.70
0.62 (1.72%)
Last Updated: 12:02:18
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil Plc LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.62 1.72% 36.70 36.74 36.98 37.16 36.40 36.48 1,648,549 12:02:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0754 -4.87 533.67M

Tullow Oil Signs $900 Million Farm-Down Agreement with Total in Uganda

09/01/2017 4:12pm

Dow Jones News


Tullow Oil (LSE:TLW)
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LONDON--Tullow Oil PLC (TLW.LN) said Monday it has entered into a farm-down agreement with Total E&P Uganda B.V. regarding its assets in Uganda worth a total of $900 million in cash.

As part of the agreement, Tullow Oil will transfer 21.57% of its 33.33% stake in Exploration areas 1, 1A, 2 and 3A in Uganda to Total.

Shares at 1540 GMT up 15.30 pence, or 4.7%, at 340 pence valuing the company at GBP3.11 billion.

 

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

January 09, 2017 10:57 ET (15:57 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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