{"id":440146,"date":"2011-06-13T07:23:07","date_gmt":"2011-06-13T07:23:07","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/"},"modified":"2011-06-13T07:23:07","modified_gmt":"2011-06-13T07:23:07","slug":"tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/","title":{"rendered":"Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Lead Story<\/a>, Oil & Gas<\/a> \u00bb Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share<\/p>\n

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Page last updated at Monday, June 13, 2011 7:07 AM \/\/ <\/span><\/div>\n

\"\"<\/a>British oil producer and major stakeholder in Ghana\u2019s Jubilee oil field has announced the price for its share offer on the Ghana Stock Exhange (GSE).<\/p>\n

In a press release issued Monday June 13, 2011 and copied to ghanabusinessnews.com, Tullow puts the price per share at GH\u00a231 per share, adding that the offer prospectus and application forms have been published.<\/p>\n

\u201cThe offer price represents a 2.57% discount to the closing price of a Tullow share on the London Stock Exchange (LSE) on June 10, 2011,\u201d it says.<\/p>\n

According to Tullow, it is expected that admission of the Offer shares to the GSE will take place on July 27, 2011.<\/p>\n

The oil producer believes that the offer of its shares on the GSE will give investors the opportunity to share in the future performance of Tullow\u2019s operations in Ghana and more broadly across its global portfolio of assets.<\/p>\n

\u201cThis listing and share offer further demonstrates Tullow\u2019s long-term commitment to Ghana,\u201d it added.<\/p>\n

Tullow announced Tuesday May 31, 2011 that it was planning for a secondary listing of its shares on the GSE and it is offering four million shares in Ghana.<\/p>\n

The company first made known its intentions to list on both the Ghana and Uganda Stock Exchanges in January 2011. Tullow also has projects in Uganda\u2019s nascent oil sector. The General Manager of Tullow\u2019s Uganda operations, Brian Glover was quoted by the Telegraph newspaper as saying that after discussions with its shareholders, \u201cthe idea was welcomed by all.\u201d<\/p>\n

Tullow Oil has increased its stakes in Ghana\u2019s emerging but promising oil sector.\u00a0 Last Thursday\u00a0May 26, 2011, the company announced that it has entered into a conditional agreement to acquire the interests of EO Group Limited (EO), a Ghanaian owned-oil producer. The shares, Tullow said, consists of EO\u2019s entire interests offshore Ghana, for a combined share and cash consideration of $305 million.<\/p>\n

This acquisition, according to Tullow will increase its interest in the West Cape Three Points licence offshore Ghana by 3.5% to 26.4% and increase the Group\u2019s interest in Ghana\u2019s world-class Jubilee oil field, which it operates, by 1.75% to 36.5%.<\/p>\n

By Emmanuel K. Dogbevi<\/p>\n

Comments<\/h4>\n<\/div>\n

Here is the original post:
\nTullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb Lead Story , Oil & Gas \u00bb Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share Page last updated at Monday, June 13, 2011 7:07 AM \/\/ British oil producer and major stakeholder in Ghana\u2019s Jubilee oil field has announced the price for its share offer on the Ghana Stock Exhange (GSE). In a press release issued Monday June 13, 2011 and copied to ghanabusinessnews.com, Tullow puts the price per share at GH\u00a231 per share, adding that the offer prospectus and application forms have been published. \u201cThe offer price represents a 2.57% discount to the closing price of a Tullow share on the London Stock Exchange (LSE) on June 10, 2011,\u201d it says. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-440146","post","type-post","status-publish","format-standard"],"yoast_head":"\nTullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh\u00a231-per-share\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb Lead Story , Oil & Gas \u00bb Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share Page last updated at Monday, June 13, 2011 7:07 AM \/\/ British oil producer and major stakeholder in Ghana\u2019s Jubilee oil field has announced the price for its share offer on the Ghana Stock Exhange (GSE). In a press release issued Monday June 13, 2011 and copied to ghanabusinessnews.com, Tullow puts the price per share at GH\u00a231 per share, adding that the offer prospectus and application forms have been published. \u201cThe offer price represents a 2.57% discount to the closing price of a Tullow share on the London Stock Exchange (LSE) on June 10, 2011,\u201d it says.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanabusinessnews.com\/wp-content\/uploads\/2009\/04\/gse.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share\",\"datePublished\":\"2011-06-13T07:23:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/\"},\"wordCount\":407,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanabusinessnews.com\/wp-content\/uploads\/2009\/04\/gse.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/06\/13\/tullow-oil-share-offer-on-ghana-stock-exchange-goes-for-gh%c2%a231-per-share\/\",\"name\":\"Tullow Oil share offer on Ghana Stock Exchange goes for GH\u00a231 per share - 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