AGM Statement10 Jun 2026 07:14
Let's see how it opens today;
Ian Perks, Chief Executive Officer of Tullow, commented:
"Tullow has performed strongly since the outset of 2026, marked by significant delivery across the business. Our drilling campaign in Ghana continues to progress well with encouraging results to date reinforcing our growing confidence in delivering production at the higher end of our guidance range, reflecting our disciplined execution and focus on high operational performance.
"With group production at the higher end of guidance and our significant leverage to the oil price, including year to date realisations ahead of expectations, we remain well placed to generate significant free cash flow in 2026 and beyond. Supported by a stable platform and strong momentum, we remain focused on executing our growth strategy to realise the full potential of our assets in Ghana and deliver value for all stakeholders."
Operational update
· Group working interest production from January to May 2026 was 43.1 kboepd, including 7.3 kboepd of gas production, supporting the expectation of being at the higher end of the previously announced 2026 range of 34-42 kboepd.
· The drill schedule for 2026 remains unchanged, with the third of six Jubilee wells (J76-P) expected onstream this week. Logging results of the well are supportive of a strong production well.