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PR-379-TLW-Finacial-Statement-for-the-half-year-ending-30-June-2020..pdf
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🔗 Source: gse.com.gh
📊 Size: 622 KB
📄 Pages: 25 pages
⬇️ Downloads: 53

Summary

Tullow Oil announces its 2020 Half Year results, with group working interest production averaging 77,700 bopd, in line with expectations. Revenue was $731 million, gross profit $164 million, and loss after tax $1.3 billion, driven by exploration write-offs and impairments. Net debt was $3.0 billion, with gearing of 3.0x net debt/EBITDAX and liquidity headroom of $0.5 billion. The company expects to break even on free cash flow in 2020 and has narrowed its full-year production guidance to 73-77,000 bopd. A Capital Markets Day is planned for later in 2020 to outline the company's plans to unlock value from its portfolio.

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Description

Tullow Oil announces its 2020 Half Year results, with group working interest production averaging 77,700 bopd, in line with expectations.

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  • File Format: PDF
  • File Size: 622 KB
  • Pages: 25
  • Language: EN
  • Total Downloads: 53
  • Last Updated: 13 hours ago

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