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Introduction - 30 Jan 25

Legal and Capital Structure - 30 Jan 25

Ghana Production - 30 Jan 25

Valuation | Sum of the Parts - 30 Jan 25

Investment Discussions - 30 Jan 25
Tullow has experienced a significant departure of its independent non-executive directors, with the Chairman and three other directors stepping down with
Tullow’s endgame may be approaching, or perhaps not. As we stated previously, a delisting, debt for equity and/or Amend and Extend are the only
Although Tullow does not publish quarterly results, its Ghanaian partner, Kosmos, does, providing a useful read-across. The implications for
Please find our updated analysis on Tullow here.
The Tullow Oil situation has changed significantly over the past few years, yet we once again find ourselves concentrating on the same fundamental issue, production, as we
Tullow appointed Ian Perks as its new CEO. Mr Perks worked for BG Group and Total, but since January 2021, he has been working as a
Tullow remains without a clear strategic direction, with the first half results offering little additional clarity. Jubilee production came
Last man standing, and not as planned. The Senior Secured Notes, issued with a springing maturity and other protections, now find themselves the
Tullow has taken another step in completing the sale of its Kenyan assets, signing the sale and purchase agreement with Auron Energy, an affiliate of
In acknowledgement that Tullow will not be able to make it on its own, management has been attempting to initiate merger talks with
The Ghanaian Government (Ghana National Petroleum Company) have signed a Memorandum of Understanding to extend oil
Tullow issued a trading update before hosting its AGM later this morning. With no drilling in Q1, which included a 2-week planned
The exit of Tullow from its Kenyan operations is confirmation that the equity story is dead. Tullow Oil have agreed heads of terms for 100% of its interests in Kenya for $120m, $40m of which is payable on completion and an additional $40m by June 2026 at
Tullow - No CEO, quickly becoming a one-trick pony. Tullow has sold its working interest in Gabon for $300m (to close over the summer), which leaves Tullow increasingly
Rahul Dhir, the CEO, is looking for a quicker exit than we anticipated, as he is resigning from the Board on February 14th. Tullow continues to
The Tullow Oil | Live Discussion is now available on the website as edited videos for your convenience. You can watch it here.