Tullow Oil plc non-executive director Roald Goethe has bought 150,000 ordinary shares of 10 pence each at a price of £0.1350 per ordinary share. The transaction for £20,250 took place on 23 April 2025. The company holds decommissioning assets in the UK as well as licences in Cote d’Ivoire, Gabon, Ghana, Kenya and Argentina.
Tag: Tullow Oil plc
Tullow to sell Kenya oil assets for at least $120m
Tullow Oil plc has agreed to sell its entire working interests in four blocks in the South Lokichar Basin, Kenya for a “minimum” of $120 million cash. VALUE The heads of terms agreement follows the company’s attempts in 2023 to secure a farm-out after its then partners exited the project. Buyer Gulf Energy Ltd will […]
Tullow NED acquires 700,000 shares
Tullow Oil plc non-executive director Roald Goethe has purchased 700,000 ordinary shares of 10 pence each in the company for a total £103,390. The acquisition, in two blocks of 250,000 and two of 100,000 shares, were at a price between 14.6 and 15.07 pence per ordinary share. The transactions took place on 25 March 2025.
Tullow to sell Gabon assets for £300m
Tullow Oil plc has signed a binding heads of terms agreement to sell its non-core Gabon assets to Gabon Oil Company for £300 million in cash net of tax. OPTIMISATION The sale comprises non-operated assets of 10 thousand barrels of oil per day of 2025 production guidance and c.36 million barrels of 2P reserves. Tullow […]
Tullow appoints Richard Miller as interim CEO
Tullow Oil plc has appointed chief financial officer Richard Miller as interim chief executive, replacing Rahul Dhir whose departure was announced in December 2024. Mr Dhir is expected to leave the board on 14 February and remain available to Tullow until his notice period ends on 5 June. The company said that the process to […]
Tullow ruled exempt from $320m tax
Tullow Oil plc said it was not liable to pay $320 million tax on its offshore Ghana petroleum agreements following today’s ruling from the International Chamber of Commerce. FOCUS The amount relates to the branch profit remittance tax (BPRT) under the Deepwater Tano and West Cape Three Points petroleum agreements, which include the Jubilee and […]