Tullow Oil

Trading statement reflects an increase in production guidance

  • Jul 14 2021, 07:15 IST/BST
  • Colin Grant
  • Company Report
  • 5 page(s)
  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 51.2p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

Tullow Oil has released a trading statement for H1 2021. Production of 61,200 barrels of oil per day (bopd) is slightly better than expected, due to operating performance at Jubilee in Ghana. The company has slightly increased the mid-point of its production guidance in 2021. Net debt has declined to $2.3bn, helped by asset disposals.

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Jul 14 2021, 07:15 IST/BST

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