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Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil 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
  -0.40p -0.17% 242.00p 242.20p 242.40p 244.40p 238.00p 243.20p 5,559,172 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,457.9 204.3 4.8 51.5 3,372.55

Tullow Shares Lift on Argentine License Awards

17/04/2019 11:53am

Dow Jones News


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By Oliver Griffin

 

Shares in Tullow Oil PLC (TLW.LN) lifted Wednesday after the company said it was awarded three stakes in Argentina's latest offshore bidding round, the country's first in two decades.

The energy company said it has been awarded 40% interests in licenses 114 and 119, as well as all of license 122. Tullow will be the operator of all three licenses.

Ian Cloke, Tullow's executive vice president for new ventures, said: "These licenses are an excellent fit within our South American portfolio and provide us with a large acreage position in a highly prospective offshore basin."

Shares at 1014 GMT were up 2.3% at 246 pence.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

April 17, 2019 06:38 ET (10:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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