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TLW Tullow Oil Plc

29.06
1.10 (3.93%)
18 Mar 2024 - Closed
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
  1.10 3.93% 29.06 28.88 28.98 29.52 28.18 28.50 8,040,913 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.78B 49.1M 0.0338 8.54 419.95M

Tullow Oil Backs 2018 Oil, Gas Production Aim as Net Debt Falls

25/04/2018 8:48am

Dow Jones News


Tullow Oil (LSE:TLW)
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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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