Company Analysis
Weak oil price, impairments see Tullow swing to $395m H1 loss
By Ikaba Koyi
Date: Wednesday 26 Jul 2017
(ShareCast News) - A massive impairment charge on Ghanaian operations saw oil producer Tullow on Wednesday report a deeper-than-forecast first half operating loss of $395m (£303m).
Pre-tax impairment charges came in at $642m (£493m) due to the weak oil price and a $572m hit on the TEN oilfields off Ghana.
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