Tullow Oil (GB:TLW) has released an update.
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Tullow Oil has announced a correction to their first quarter 2024 production figure, which should be approximately 66,000 barrels of oil equivalent per day (kboepd), higher than the previously stated 59 kboepd. CEO Rahul Dhir anticipates strong future growth and cash flow, with the company on track to produce a free cash flow of around $600 million over 2024 to 2025 at $80 per barrel. The company remains on course to reduce its net debt to under $1.4 billion by the end of 2024.
For further insights into GB:TLW stock, check out TipRanks’ Stock Analysis page.
