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The loss was driven by non-cash exploration write-offs and impairments, according to annual results from the company. Revenue at the Irish-founded group fell to $1.4bn in 2020, from $1.7bn in 2019. During the year Tullow’s working interest production averaged 74,900 barrels of oil per day, in line with expectations. The company had net debt at year-end of around $2.4bn. As part of its ongoing refinancing discussions, Tullow said it has now received approval for a new debt capacity amount under the Reserve Based Lending facility of $1.7bn. It now has liquidity headroom and free cash of around $900m. Tullow said the combination of “strong business delivery, increased liquidity, recent asset sales and higher commodity prices is providing a positive impetus to constructive discussions with creditors.”

November tullowRahul dhirMoma titanium mineralsTullow oilReserve based lendingWest africanNet zeroKenmare resourcesMoma titanium minerals mineநவம்பர் துள்லோவ்ராகுல் தீர்அம்மா டைட்டானியம் தாதுக்கள்துள்லோவ் எண்ணெய்இருப்பு அடிப்படையிலானது கடன்நிகர பூஜ்யம்கேண்மரே வளங்கள்