DAVY VIEW

With detailed closing guidance provided in January, the final results contain little of surprise in the group’s financial performance. That said, the market will welcome the ability and decision to initiate returns to shareholders and also the evidence that the delay in progressing its Uganda operations looks close to final resolution. This stability has also provided the platform to return to a more active exploration drilling programme. Overall, 2018 is likely to be seen as a watershed for Tullow Oil.