Tullow released its FY 2017 trading statement this morning. Overall, 2017 numbers came in slightly better than we had forecast, with very strong performance from TEN. Given our 2018 production estimate is within the range for 2018 we don’t expect to change our RENAV of c250p too much, with TEN guidance slightly ahead of our forecasts and Jubilee slightly behind. Tullow’s balance sheet looks a lot healthier now. Exploration drilling looks a bit quiet for 2018, with a well in Namibi
10 Jan 2018
Trading Statement
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Trading Statement
Tullow Oil plc (TLW:LON) | 31.0 -0.2 (-1.7%) | Mkt Cap: 451.5m
- Published:
10 Jan 2018 -
Author:
Jessica Saadat -
Pages:
3
Tullow released its FY 2017 trading statement this morning. Overall, 2017 numbers came in slightly better than we had forecast, with very strong performance from TEN. Given our 2018 production estimate is within the range for 2018 we don’t expect to change our RENAV of c250p too much, with TEN guidance slightly ahead of our forecasts and Jubilee slightly behind. Tullow’s balance sheet looks a lot healthier now. Exploration drilling looks a bit quiet for 2018, with a well in Namibi