1H18 production of 90.1 mboe/d had already been reported. FY18 production guidance in Africa of 86-92 mbbl/d is unchanged. The company continues to forecast FY18 capex of US$460 mm. In Kenya, FID continues to be expected in late 2019. In Uganda, FID is now expected around the end of 2018 (late 2018 previously). Net debt at the end of June was US$3.1 bn, slightly better than previous indications (US$3.2 bn). Over 1H18, the company generated US$570 mm cash flow from operations net of financing
25 Jul 2018
FLASH: 1H18 results
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FLASH: 1H18 results
Tullow Oil plc (TLW:LON) | 37.4 0.5 3.4% | Mkt Cap: 544.5m
- Published:
25 Jul 2018 -
Author:
Stephane Foucaud -
Pages:
2
1H18 production of 90.1 mboe/d had already been reported. FY18 production guidance in Africa of 86-92 mbbl/d is unchanged. The company continues to forecast FY18 capex of US$460 mm. In Kenya, FID continues to be expected in late 2019. In Uganda, FID is now expected around the end of 2018 (late 2018 previously). Net debt at the end of June was US$3.1 bn, slightly better than previous indications (US$3.2 bn). Over 1H18, the company generated US$570 mm cash flow from operations net of financing