While a three-year plan would have been more than enough, the new CEO delivered a roadmap for the next ten years. The idea is to show how Tullow’s existing assets can generate sufficient cash for the next decade. Discipline is key, with deleveraging as top priority. Spending is on a tight budget ($2.7bn for the next ten years) with 90% of it going to develop the West African assets. The quest to regain investors’ trust continues.
25 Nov 2020
Focus on Ghana as Tullow goes sober
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Focus on Ghana as Tullow goes sober
Tullow Oil plc (TLW:LON) | 31.0 -0.2 (-1.7%) | Mkt Cap: 451.5m
- Published:
25 Nov 2020 -
Author:
Kevin VO -
Pages:
2
While a three-year plan would have been more than enough, the new CEO delivered a roadmap for the next ten years. The idea is to show how Tullow’s existing assets can generate sufficient cash for the next decade. Discipline is key, with deleveraging as top priority. Spending is on a tight budget ($2.7bn for the next ten years) with 90% of it going to develop the West African assets. The quest to regain investors’ trust continues.