RE: Sub 40p....next stop 11p6 Jul 2022 19:26
Dhir added: “With additional opportunities to deliver value across our portfolio, including gas commercialisation in Ghana, our revised Kenya development project and an exciting well in a proven play in Guyana, we are well-placed to deliver value from our assets and to grow our business."
Tullow noted that it has previously hedged some 75% of production through to May 2023, and 50% of output through to May 2024, up to US$76 per barrel though more recently, due to higher crude pricing secured prices above US$95 per barrel by the end of the hedging programme.