Tullow Oil plc (TLW.L) said in its trading statement that group working interest production for 2009 averaged 58,300 boepd, in line with previous guidance.
Total revenue for 2009 is expected to be of the order of £570 million, compared with £692 million in 2008. The company noted that the reduction in revenue is due to the lower sales volumes and the significant reduction in realised commodity prices during the year.
Separately, Tullow Oil announced its intention to place up to 80.43 million new ordinary shares in the Company, representing approximately 9.99% of Tullow Oil's existing issued ordinary share capital, with both new and existing institutional investors.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.