No chance9 Sep 2020 12:21
for TLW to go bust like some say! Tullow managed a good revenue in H1, if you factor in all time low oil price we hit in April and end up only 17% down on 2019, I would say they did better than expected. Regarding the huge write-offs I don't see it as physical cash being spent... yes, they wrote-off some exploration costs, non-producing assets etc, so what? Oil production remains almost the same, plus there's a good chance of successful explorations in 2021.