There was not much new information in Tullow’s FY16 results. The company is already generating positive free cashflow. By FY17, Tullow’s management anticipates it will have generated US$200 mm for Brent of US$50/bbl. Tullow should also get US$300 mm proceeds from the Uganda partial divestment to Total and the sale of Norway assets. Production performance in 2018 is dependent on the resolution of the border dispute between Ghana and Cote d’Ivoire that should allow the recomme
09 Feb 2017
Waiting for a resolution of the Ghana/Cote d’Ivoire border dispute
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Waiting for a resolution of the Ghana/Cote d’Ivoire border dispute
Tullow Oil plc (TLW:LON) | 35.6 0 (-0.2%) | Mkt Cap: 518.3m
- Published:
09 Feb 2017 -
Author:
Stephane Foucaud -
Pages:
7
There was not much new information in Tullow’s FY16 results. The company is already generating positive free cashflow. By FY17, Tullow’s management anticipates it will have generated US$200 mm for Brent of US$50/bbl. Tullow should also get US$300 mm proceeds from the Uganda partial divestment to Total and the sale of Norway assets. Production performance in 2018 is dependent on the resolution of the border dispute between Ghana and Cote d’Ivoire that should allow the recomme