Cameroon Operations and Licences

Operations

Following analysis of the new 3D dataset over Ngosso, and recognising the high risk associated with the remaining prospectivity in the block, Tullow took a decision to dispose of this asset. A Sale and Purchase Agreement was signed with the Hungarian company MOL Plc in November 2007 for Tullow’s entire 40% interest.  The deal is subject to approval from the Cameroon government.

 

Licences

Licence	Fields	Area Sq Km	Tullow Interest	Operator	Other Partners
Ngosso Area		474	40%	Addax