Commenting today, Aidan Heavey, Chief Executive, said:
‘While results for the first half of 2007 were impacted by difficult trading conditions in the UK gas market, our decision to direct investment towards high-impact exploration and appraisal activities has proven highly effective. As a result, Tullow now has a far greater resource base and upside potential than at any time in the Group’s history. Production is expected to average 72-75,000 boepd for the year and we are fully committed to the rapid appraisal and development of the projects that will dominate our future production, reserves and growth prospects. The outlook for Tullow has never been brighter.’