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From the announcement today: "Tullow also announced in its Trading Statement that the Group has started discussions with its creditors with regards to its debt refinancing options and these discussions are progressing constructively and are
'expected to conclude in the second quarter of 2021.'
As part of these discussions, Tullow and its lenders agreed to extend the redetermination of the Group's RBL Facility, which was due to complete in January 2021, by up to one month. This is to allow additional time for the lending banks to review the New Business Plan and Operating Strategy. "