Tullow Oil PLC - Africa and South America-focused oil and gas exploration company - Launches tender offer for a portion of its 2025 senior notes for a consideration of up to $75.0 million. Says tender offer is part of its plan to ‘optimise and proactively manage’ its cash, debt profile and capital structure.

Adds, it is considering all options regarding its interest in the Espoir field in Ivory Coast. Says no commitments have been made.

Current stock price: 25.12 pence, down 2.3% on Monday morning in London

12-month change: down 53%

Copyright 2023 Alliance News Ltd. All Rights Reserved.