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Tullow Oil plc (‘Tullow’) is pleased to announce that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Heritage Oil Plc (together 'Heritage') in the Court of Appeal in London (Case No: 2013/2175).
Tullow Oil plc (“Tullow”) today announces that Tullow Oil Norge AS, operator of the production licence PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1) which will now be plugged and abandoned.
Tullow Oil plc announces today that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT).
Tullow Oil plc (“Tullow”) today announces that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a total depth of 2,468 metres in basement, without encountering commercial oil.
Tullow Oil plc (“Tullow”) announces that the Hanssen wildcat well, in production licence 537, offshore Norway, has encountered a 20-25 metre oil bearing sandstone with good reservoir properties in the main target (Stø Formation). The Hanssen well was drilled about 7 kilometres northwest of the Wisting Central oil discovery and about 315 kilometres north of Hammerfest.
Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 30 June 2014. This is in advance of the Group’s Half Year Results, which are scheduled for release on Wednesday 30 July 2014. The information contained herein has not been audited and may be subject to further review.
Tullow Oil plc (Tullow) announces that it is hosting a Capital Markets Day presentation today in London for sell-side analysts and institutional shareholders.
Africa Oil, Tullow Oil’s partner in Blocks 10BB and 13T in Northern Kenya (Tullow 50% operated interest), today issued the following operational update.
Tullow Oil plc (Tullow) is pleased to announce that it has refinanced its NOK 2 billion (ca. $330 million) Norwegian exploration loan facility and that it has successfully increased the size of the facility to NOK 3 billion (ca. $500 million) and extended the availability to the end of 2017.
Tullow Oil plc (Tullow) is pleased to announce the appointment of Dr. Michael Daly as a non-executive Director with effect from 1 June 2014.