Tullow Oil calls off Uganda stake sale to Total, CNOOC [Reuters]
TULLOW OIL PLC UNSP/ADR (TUWOY)
NASDAQ:AMEX Investor Relations:
tullowoil.com/investors
Company Research
Source: Reuters
Tullow Oil calls off Uganda stake sale to Total, CNOOC - Reuters 2 Min Read LONDON (Reuters) - Tullow Oil’s sale of a stake in its planned 230,000 barrel per day project in Uganda to France’s Total and China’s CNOOC has been called off due to a tax dispute with the Ugandan authorities, Tullow said on Thursday. The London-listed firm had previously sold about two thirds of the project to CNOOC and Total for $2.9 billion, in transactions completed by 2012. Thursday’s announcement relates to the further reduction of Tullow’s stake to about 11%, which would have raised $200 million helping the British firm reduce its net debt which stood at $2.9 billion at mid-year and reduce its operational commitments to the project by around $700 million. Tullow said the firms involved in the deal could not reach an agreement with the Ugandan Revenue Authority on the tax relief for money to be paid by Total and CNOOC to Tullow. “Tullow will now initiate a new sales process to reduce its 33.33% operated
Show less
Read more
Impact Snapshot
Event Time:
TUWOY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TUWOY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TUWOY alerts
High impacting TULLOW OIL PLC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
TUWOY
News
- NE Lands New Drilling Contracts in Ghana & the U.S. Gulf of Mexico [Yahoo! Finance]Yahoo! Finance
- Form 8.3 - Tullow Oil Plc [Yahoo! Finance]Yahoo! Finance
- Tullow Oil plc (LON:TLW) is favoured by institutional owners who hold 60% of the company [Yahoo! Finance]Yahoo! Finance
- Tullow Oil (LON:TLW) shareholders have endured a 88% loss from investing in the stock five years ago [Yahoo! Finance]Yahoo! Finance