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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.14 | 0.39% | 36.34 | 36.32 | 36.58 | 36.74 | 36.00 | 36.00 | 1,213,978 | 10:42:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.63B | -109.6M | -0.0754 | -4.84 | 530.76M |
TIDMTLW TIDMTTM TIDMTTM
RNS Number : 2930B
Tullow Oil PLC
07 October 2020
RBL redetermination confirms debt capacity of $1.8 billion and headroom of c.$500 million; Capital Markets Day to be held on 25 November 2020
7 October 2020 - Tullow Oil plc (Tullow) is pleased to announce that it has completed the bi-annual redetermination of its RBL credit facility with $1.8 billion of debt capacity approved by the lending syndicate. As a result, the Group retains c.$500 million liquidity headroom of undrawn facilities and free cash at the start of the fourth quarter of the year, which the Board deems appropriate given Tullow's capital commitments.
At Tullow's request, the next redetermination will commence following Tullow's Capital Markets Day, which is scheduled for 25 November 2020, and is expected to be completed in January 2021.
CONTACTS
Tullow Oil plc Murrays (London) (Dublin) (+44 20 3249 9000) (+353 1 498 0300) Chris Perry, Matthew Evans (Investors) Pat Walsh George Cazenove (Media) Joe Heron ======================================== ===================
Notes to editors
Tullow is an independent oil and gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 70 exploration and production licences across 15 countries.
For further information, please refer to our website at www.tullowoil.com.
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc
YouTube: www.youtube.com/TullowOilplc
Facebook: www.facebook.com/TullowOilplc
LinkedIn: www.linkedin.com/company/Tullow-Oil
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(END) Dow Jones Newswires
October 07, 2020 02:00 ET (06:00 GMT)
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