Tullow Oil PLC - Africa and South America-focused oil and gas exploration company - Says net production in the first quarter of 2023 is 53,700 barrels of oil per day. Backs annual production guidance of 58,000 - 64,000 bopd. Adds that drilling and completion performance enable the firm to accelerate the 2022 drill schedule. Chief Executive Officer Rahul Dhir says: ‘The cornerstone of strong performance is always safety, and I am proud that we recorded a second successive year of industry top quartile safety performance with no recordable incidents and no Tier 1 or 2 process safety events during the year.’

Current stock price: 25.60 pence each, up 2.4% on Wednesday morning in London

12-month change: down 53%

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