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<title>Tullow Oil Plc — News on 6ix</title>
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<title>Tullow Oil Plc</title>
<link>https://6ix.com/company/tullow-oil-plc</link>
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<title>Refinancing Transaction successfully completed</title>
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<pubDate>Mon, 27 Apr 2026 14:47:00 GMT</pubDate>
<description>Tullow Oil plc has successfully completed a comprehensive refinancing transaction, supported by over 99% of bondholders and Glencore, which extends maturities and reduces cash interest payments. This transaction involved redeeming $100 million of existing notes, issuing approximately $1.185 billion in senior secured notes due 2028, and approximately $423 million in junior secured notes. Additionally, Tullow entered into a $100 million new super senior cargo prepayment facility and issued $25 mil</description>
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<title>Appointment of four Independent NEDs</title>
<link>https://6ix.com/company/tullow-oil-plc/news/appointment-of-four-independent-neds</link>
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<pubDate>Wed, 08 Apr 2026 06:00:00 GMT</pubDate>
<description>Tullow Oil plc has announced the appointment of four new Independent Non-Executive Directors: Henry Steel, Garrett Soden, Euan Shirlaw, and James Peterkin, effective April 8, 2026, for Steel and May 1, 2026, for the others pending refinancing completion. These appointments are intended to enhance the company's governance and comply with refinancing transaction requirements, bringing extensive experience in corporate finance, natural resources investing, and oil and gas operations. The company al</description>
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<title>Launch of Consent Solicitation</title>
<link>https://6ix.com/company/tullow-oil-plc/news/launch-of-consent-solicitation</link>
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<pubDate>Wed, 25 Mar 2026 14:17:00 GMT</pubDate>
<description>Tullow Oil plc has launched a consent solicitation for its $1,285,245,000 10.25% Senior Secured Notes due 2026, seeking holder approval for amendments to the indenture and intercreditor agreement as part of a refinancing transaction. This solicitation requires at least 90% of the principal amount of notes outstanding to approve the amendments, which will facilitate the release of existing notes and the issuance of new notes to all holders. The consent solicitation is supported by holders represe</description>
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<title>Receipt of Tranche B payment for Kenya assets sale</title>
<link>https://6ix.com/company/tullow-oil-plc/news/receipt-of-tranche-b-payment-for-kenya-assets-sale</link>
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<pubDate>Mon, 09 Mar 2026 17:09:00 GMT</pubDate>
<description>Tullow Oil plc has received a $36 million Tranche B payment for the sale of its Kenya assets, with a further $4 million expected by the end of March 2026, pending transition services completion. The company also retains rights to future royalty payments and a back-in option for a 30% stake in potential developments. Separately, Tullow has updated its 2026 pre-financing cash flow guidance, which could double to $300-360 million if oil prices average $100 per barrel for the remainder of the year, </description>
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<title>Refinancing Transaction Update</title>
<link>https://6ix.com/company/tullow-oil-plc/news/refinancing-transaction-update</link>
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<pubDate>Thu, 26 Feb 2026 16:47:00 GMT</pubDate>
<description>Tullow Oil plc has announced that over 90% of its senior secured notes due May 2026 have agreed to a lock-up agreement, meeting the threshold for its refinancing transaction to proceed by consent solicitation, with completion expected in the second quarter of 2026. Early-bird consenting holders who accede by February 27, 2026, will receive a 1.00% early-bird cash fee and an in-kind fee of 5.00% in new notes, along with $1,000 of new notes per $1,000 of existing notes held. Holders who do not acc</description>
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<title>Trading Statement</title>
<link>https://6ix.com/company/tullow-oil-plc/news/trading-statement-106</link>
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<pubDate>Fri, 20 Feb 2026 07:01:00 GMT</pubDate>
<description>Tullow Oil plc reported a 2025 working interest production of approximately 40.4 kboepd, with revenue of around $847 million at an average realised oil price of $67.8/bbl. The company's free cash flow for 2025 was approximately $100 million, impacted by delays in Ghana receivables and the Kenya disposal instalment, alongside lower year-end revenue. Capital and decommissioning expenditure were $166 million and $17 million respectively. As of December 31, 2025, government receivables from Ghana to</description>
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<title>Refinancing Transaction and Lock-Up Agreement</title>
<link>https://6ix.com/company/tullow-oil-plc/news/refinancing-transaction-and-lock-up-agreement</link>
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<pubDate>Fri, 20 Feb 2026 07:00:00 GMT</pubDate>
<description>Tullow Oil plc has announced a significant refinancing transaction, securing a lock-up agreement with approximately 66% of its noteholders and Glencore. This transaction will release the existing $1,285,245,000 10.25% senior secured notes due May 2026 and issue new notes maturing in November 2028, extending the company's debt maturity profile and reducing cash interest. Glencore's $400 million secured notes facility will be replaced by new junior notes maturing in May 2030, and Tullow will also </description>
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<title>Tullow signs SPA to acquire TEN FPSO in Ghana</title>
<link>https://6ix.com/company/tullow-oil-plc/news/tullow-signs-spa-to-acquire-ten-fpso-in-ghana</link>
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<pubDate>Fri, 20 Feb 2026 07:00:00 GMT</pubDate>
<description>Tullow Oil plc has signed a Sale and Purchase Agreement to acquire the TEN FPSO Prof. John Evans Atta Mills for a gross consideration of $205 million, with Tullow's net share being approximately $125.6 million, payable upon completion at the end of the first quarter of 2027. This acquisition, which is expected to be funded by in-year cash flow from the TEN fields, aligns with Tullow's strategy to optimize production, reduce fixed costs by eliminating annual lease payments, and realize operating </description>
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<title>Ghana Petroleum Agreements Extended</title>
<link>https://6ix.com/company/tullow-oil-plc/news/ghana-petroleum-agreements-extended</link>
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<pubDate>Fri, 20 Feb 2026 07:00:00 GMT</pubDate>
<description>Tullow Oil plc has announced the ratification of its West Cape Three Points and Deep Water Tano Petroleum Agreements by the Ghanaian Parliament, extending them to December 31, 2040, which will see Ghana National Petroleum Corporation's interest increase by 10% from July 20, 2036. Revised gas supply terms from the Jubilee field have also been secured at an escalating price of $2.50/mmbtu, alongside a gas payment security mechanism and heads of terms for potential TEN field gas supply. These devel</description>
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<title>Director/PDMR Shareholding</title>
<link>https://6ix.com/company/tullow-oil-plc/news/directorpdmr-shareholding-43</link>
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<pubDate>Mon, 08 Dec 2025 13:30:00 GMT</pubDate>
<description>Tullow Oil plc announced that Richard Miller, the Chief Financial Officer, was notified of the vesting of 39,979 ordinary shares awarded in 2022 under the Company's 2014 Employee Share Award Plan. These shares, with a nominal value of 10 pence each and identified by ISIN GB0001500809, vested on December 8, 2025, outside of a trading venue, with no associated price.
Disclaimer*</description>
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<title>Appointment of Independent Non-Executive Chair</title>
<link>https://6ix.com/company/tullow-oil-plc/news/appointment-of-independent-non-executive-chair</link>
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<pubDate>Mon, 01 Dec 2025 07:00:00 GMT</pubDate>
<description>Tullow Oil plc has appointed Roald Goethe as its independent non-executive Chair, effective December 1, 2025, replacing Phuthuma Nhleko who is stepping down to pursue other interests. This leadership change is accompanied by the immediate departure of three other independent non-executive directors, Genevieve Sangudi, Martin Greenslade, and Mitchell Ingram, with the company planning to replace key positions while aiming for a smaller, focused board. This reduction in board size is expected to fu</description>
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<title>Block listing Interim Review</title>
<link>https://6ix.com/company/tullow-oil-plc/news/block-listing-interim-review-16</link>
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<pubDate>Fri, 28 Nov 2025 14:30:00 GMT</pubDate>
<description>Tullow Oil plc has provided an interim review of its block-listing for the period from June 1, 2025, to November 28, 2025, detailing the balances of unallotted securities under its Employee Share Award Plan (ESAP) and Tullow Incentive Plan (TIP). The company increased its ESAP by 10,000,000 securities and its TIP by 8,000,000 securities during this period. Following the issuance of 3,256,576 ESAP securities and 2,001,179 TIP securities, the remaining unallotted balances stand at 12,359,565 for E</description>
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<title>November Trading Update</title>
<link>https://6ix.com/company/tullow-oil-plc/news/november-trading-update</link>
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<pubDate>Fri, 21 Nov 2025 07:00:00 GMT</pubDate>
<description>Tullow Oil plc provided a November trading update highlighting progress on strategic priorities including the sale of its Kenya interests for at least $120 million and Gabon assets for approximately $300 million net of taxes. The company reported 2025 Group production to end-October averaged 40.7 kboepd, with Ghana's Jubilee oil production averaging 61 kbopd gross. Tullow is focused on operational efficiency in Ghana, cost optimisation with projected savings of $10 million in 2025, and refinanci</description>
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<title>Total Voting Rights</title>
<link>https://6ix.com/company/tullow-oil-plc/news/total-voting-rights-369</link>
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<pubDate>Mon, 03 Nov 2025 11:00:00 GMT</pubDate>
<description>Tullow Oil plc announced that as of October 31, 2025, its issued share capital consists of 1,475,023,041 ordinary shares, each with a nominal value of 10p, all of which carry voting rights. The company holds no ordinary shares in treasury. Therefore, the total number of voting rights in Tullow Oil plc is 1,475,023,041. This figure can be used by shareholders to calculate if they need to declare their interest in Tullow Oil plc under FCA rules.
Disclaimer*</description>
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<title>Tullow publishes reserves report</title>
<link>https://6ix.com/company/tullow-oil-plc/news/tullow-publishes-reserves-report</link>
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<pubDate>Fri, 26 Sep 2025 11:52:00 GMT</pubDate>
<description>Tullow Oil's mid-year reserves report as of June 30, 2025, reveals total reserves of 113.8 mmboe, excluding Gabon, compared to 128.5 mmboe at the end of 2024. This reduction includes 7.4 mmboe of production and revisions of 7.3 mmboe related to production performance, with Jubilee accounting for 6.3 mmboe and TEN for 1.0 mmboe. Following an agreement with the Government of Ghana to extend production licenses to 2040, it is estimated that 14.7 mmboe of Jubilee and 3.5 mmboe of TEN contingent reso</description>
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<title>Tullow completes sale of Kenya assets</title>
<link>https://6ix.com/company/tullow-oil-plc/news/tullow-completes-sale-of-kenya-assets</link>
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<pubDate>Thu, 25 Sep 2025 14:08:00 GMT</pubDate>
<description>Tullow Oil PLC has completed the sale of its entire working interest in Kenya to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd. The transaction involves the sale of 100% of the shares in Tullow Kenya BV for a minimum cash consideration of US$120 million, subject to adjustments. Tullow received US$40 million as Tranche A proceeds under the Sale and Purchase Agreement. Tullow retains royalty payments, subject to conditions, and a no cost back-in right for a 30% participation in potenti</description>
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<title>Appointment of Chief Executive Officer</title>
<link>https://6ix.com/company/tullow-oil-plc/news/appointment-of-chief-executive-officer-2</link>
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<pubDate>Fri, 05 Sep 2025 06:00:00 GMT</pubDate>
<description>Tullow Oil PLC announced the appointment of Ian Perks as the new Chief Executive Officer, effective September 15, 2025. Perks brings over 30 years of experience, including leading the $20 billion Mozambique LNG project to a Final Investment Decision. He also oversaw the delivery of the $10 billion Queensland Gas Company LNG Project safely, on schedule, and within budget. Previously, as President of BG Tunisia, Perks delivered the $1 billion Hasdrubal gas project. Richard Miller, the current Inte</description>
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<title>2025 Half Year Results</title>
<link>https://6ix.com/company/tullow-oil-plc/news/2025-half-year-results</link>
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<pubDate>Wed, 06 Aug 2025 06:00:00 GMT</pubDate>
<description>2025 Half Year Results.</description>
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<title>Directorate Change</title>
<link>https://6ix.com/company/tullow-oil-plc/news/directorate-change-17</link>
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<pubDate>Wed, 30 Jul 2025 06:00:00 GMT</pubDate>
<description>Directorate Change.</description>
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<title>Tullow completes sale of Gabon assets</title>
<link>https://6ix.com/company/tullow-oil-plc/news/tullow-completes-sale-of-gabon-assets</link>
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<pubDate>Tue, 29 Jul 2025 14:33:00 GMT</pubDate>
<description>Tullow completes sale of Gabon assets.</description>
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