Tullow’s bonds wallow at 72c on dollar as Moody’s eyes ‘default’
Shares in the company have plunged 72 per cent this year
Shares in the company have plunged 72 per cent this year
Analyst says downbeat trading update suggests an increased likelihood of a debt refinancing that could wipe out existing shareholders
Global supply glut, failed mergers, production difficulties and parlous finances weigh on business with market cap at just 1% of 2012 peak
Irish-founded explorer saw shares fall earlier this month
Shares in the exploration firm have slumped and are being sold off at rates not seen in five years
Company said in January that it was considering selling certain non-core assets to accelerate debt reduction
International arbitration organisation rules Africa-focused explorer will not have to pay a $320m Ghana tax bill
Exploration company in talks with Ghana government over two other tax claims
Irish founded explorer had slumped after initial report Kosmos had walked away
Irish-founded business in early discussions with US-based Kosmos Energy
Ghana 4D seismic programme next year to provide data on future drilling sites
Inaugural chairman of Forfás held directorships with a number of major Irish groups right up until his death on Saturday
Executive leaves with 20 years of experience in the oil and gas sector, including at IGas Energy and Tullow Oil
Group revenue at Irish-founded explorer down despite higher oil prices
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