RE: 2Q Results7 Aug 2025 14:51
From the RNS
Transaction highlights
· Total cash consideration payable of $300 million net of tax.
· Corporate sale of Tullow's entire Gabonese portfolio of assets, representing c.10 kbopd of 2025 production guidance and c.36 million barrels of 2P reserves (independently audited at year end 2024).
· Effective date for the Transaction is 1 January 2025.