Page 3 - இருப்பு அடிப்படையிலானது கடன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Pipestone Energy Corp Announces it Has Successfully Renewed Its $225 Million Reserve Based Loan
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Seplat Petroleum Devt Company Plc Gets Moody s B2 rating on proposed new bond
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The loss was driven by non-cash exploration write-offs and impairments, according to annual results from the company.
Revenue at the Irish-founded group fell to $1.4bn in 2020, from $1.7bn in 2019.
During the year Tullow’s working interest production averaged 74,900 barrels of oil per day, in line with expectations.
The company had net debt at year-end of around $2.4bn.
As part of its ongoing refinancing discussions, Tullow said it has now received approval for a new debt capacity amount under the Reserve Based Lending facility of $1.7bn. It now has liquidity headroom and free cash of around $900m.
Tullow said the combination of “strong business delivery, increased liquidity, recent asset sales and higher commodity prices is providing a positive impetus to constructive discussions with creditors.”
Tullow oil PLC - 2020 FULL Year Results 10 March 2021 - Tullow Oil plc ( Tullow ), the independent oil and gas exploration and production group ( Group ), announces its Full Year Results for the year ended 31 December 2020. Details of a management presentation, webcast and conference call are available on the last page of this announcement or visit the Group s website www.tullowoil.com.
Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented today: After a year of significant change for Tullow, we are now executing a robust, cash generative business plan which is focused on our most productive assets. We have transformed our cost base, implemented rigorous capital discipline and are well placed to benefit from higher oil prices. We will start a multi-year, multi-well drilling programme in Ghana
Tullow Oil announces its Full Year Results for the year ended 31 December 2020
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