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On 12 June 2023, Tullow Oil plc announced it is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire, aligning with its strategy to focus on highest return producing assets and maximise cash flow. The company confirmed that no formal commitments have been made regarding this process.
| Date | 12 Jun 2023 |
| Time | 08:33:33 |
| Category | Miscellaneous |
| ID | 3890C |
12 June 2023 - Tullow Oil plc's (Tullow) capital allocation strategy is to focus on its highest return producing assets and to maximise cash flow.
In line with this strategy, Tullow is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire. No formal commitments have been made. In the event this process develops, Tullow will update the market as appropriate.
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Tullow Oil plc (London) (+44 20 3249 9000) Nicola Rogers Matthew Evans |
Camarco (London) (+44 20 3757 4986) Billy Clegg Georgia Edmonds Rebecca Waterworth |
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ('UK MAR'). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain. This announcement is being made on behalf of Tullow by Adam Holland, Company Secretary.
Tullow is an independent oil & gas, exploration and production group which is quoted on the London and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 30 licences across eight countries. In March 2021, Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030. For further information, please refer to our website at www.tullowoil.com.
Twitter: www.twitter.com/TullowOilplc
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LinkedIn: www.linkedin.com/company/Tullow-Oil