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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.34 | 0.97% | 35.44 | 35.48 | 35.74 | 35.76 | 34.50 | 34.50 | 2,221,691 | 16:35:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.63B | -109.6M | -0.0754 | -4.68 | 513.31M |
By Oliver Griffin
Tullow Oil PLC (TLW.LN) on Wednesday reaffirmed its full-year guidance for oil and gas production as it reported a slight drop in net debt.
The company said that production at the Tweneboa, Enyenra and Ntomme oil fields in offshore Ghana was strong, with average first-quarter net oil production of 87,700 barrels a day.
Tullow Oil said its full-year guidance remained in a range of 82,000 barrels to 90,000 barrels a day, while its working interest gas production is expected to average between 3,500 barrels and 4,500 barrels of oil equivalent a day.
Net debt at March 31 was $3.4 billion, down from $3.5 billion at the end of 2017, Tullow Oil said.
The company said it continues to progress toward a final investment decision in Kenya in 2019, as its exploration team keeps developing its prospect inventory and drill queue for a three-year drilling program that will start in the third quarter.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
April 25, 2018 03:33 ET (07:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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