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TLW Tullow Oil Plc

36.54
-0.46 (-1.24%)
Last Updated: 12:56:55
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
  -0.46 -1.24% 36.54 36.50 36.60 36.72 36.06 36.68 445,306 12:56:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0754 -4.83 529.6M

Tullow Oil to Reay Heritage Oil $2.5 Million After Tax Case Appeal

23/07/2014 12:23pm

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Tullow Oil (LSE:TLW)
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By Rory Gallivan

LONDON--Tullow Oil PLC (TLW.LN) said Wednesday it will have to repay Heritage Oil PLC $2.5 million plus interest after Heritage appealed against a tax case Tullow won in the High Court last year.

The Court of Appeal in London ruled in Tullow's favor in all but one of the points appealed by Heritage, Tullow said Wednesday.

The appeal was against Tullow's victory in a case concerning tax payments it made on Heritage's behalf in Uganda.

-Tullow shares were unchanged at 770 pence valuing the company at GBP7 billion ($12 billion).

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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