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CSE Bulletin: New Listing - Fathom Nickel Inc. (FNI)

CSE Bulletin: New Listing - Fathom Nickel Inc. (FNI)
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Tullow shareholders to vote on sale of stakes in African prospects


Tullow shareholders to vote on sale of stakes in African prospects
Oil explorer says €150m deal will cut its capital spending this year by about €10m
Tue, Mar 2, 2021, 16:24
 
Irish-founded Tullow Oil’s €150 million sale of stakes in two African reservoirs will cut spending by around €10 million, according to a company circular.
Tullow is selling stakes in offshore fields in Gabon and Equatorial Guinea to Norwegian group Panoro Energy in a deal worth up to $180 million (€150 million) to cut costs and its €2.4 billion debt.
The group will ask shareholders to vote on the deal at a general meeting on March 18th in London. Stock exchange rules require a simple majority of backers to support the deal in order for it to go through. ....

Equatorial Guinea , City Of , United Kingdom , Lake Albert , Talbert Lake , Panoro Energy , Tullow Oil , London Gb , பூமத்திய ரேகை கினியா , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஏரி ஆல்பர்ட் , ஆல்பர்ட் ஏரி , துள்லோவ் எண்ணெய் , லண்டன் க்ப் ,