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home / news releases / TUWLF - Tullow Oil: Melting Ice-Cube

TUWLF - Tullow Oil: Melting Ice-Cube

Tullow Oil Plc Ord
  • Tullow's debt load lacks sufficient asset support, with rising debt/barrel production and reserve metrics.
  • The main fields (TEN and Jubilee) are in decline, TEN severely so.
  • Exploration continues to disappoint.
  • High leasing costs (for the TEN FPSO), decommissioning expenses, and potential tax liabilities compound the debt problem.
  • Equity issuance still seems a likely prospect.

For further details see:

Tullow Oil: Melting Ice-Cube
Stock Information
Company Name: Tullow Oil Plc Ord
Stock Symbol: TUWLF
Market: OTC
Website: tullowoil.com
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