tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Tullow Oil Reports Mid-Year Reserves Decline, Eyes Future Growth in Ghana

Story Highlights
Tullow Oil Reports Mid-Year Reserves Decline, Eyes Future Growth in Ghana

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Tullow Oil ( (GB:TLW) ) has provided an update.

Tullow Oil has published its mid-year 2025 reserves report, indicating a decrease in total reserves from 128.5 mmboe at the end of 2024 to 113.8 mmboe as of June 2025, primarily due to production and performance revisions. The company anticipates increasing its 2P reserves in Ghana through new seismic data and ongoing collaboration with the Ghanaian government, which includes extending production licenses and exploring further drilling opportunities.

The most recent analyst rating on (GB:TLW) stock is a Hold with a £11.00 price target. To see the full list of analyst forecasts on Tullow Oil stock, see the GB:TLW Stock Forecast page.

Spark’s Take on GB:TLW Stock

According to Spark, TipRanks’ AI Analyst, GB:TLW is a Neutral.

Tullow Oil’s overall stock score is primarily impacted by its financial performance, which shows strong cash flow but significant balance sheet risks. Technical analysis indicates a bearish trend, and poor valuation metrics further weigh on the score. The absence of earnings call data and corporate events limits additional insights.

To see Spark’s full report on GB:TLW stock, click here.

More about Tullow Oil

Tullow Oil is an independent energy company focused on responsible oil and gas development in Africa, primarily operating in Ghana. The company is committed to achieving Net Zero on its Scope 1 and 2 emissions by 2030 and aims to deliver socio-economic benefits to its host nations. Tullow is listed on the London and Ghanaian stock exchanges.

Average Trading Volume: 6,163,730

Technical Sentiment Signal: Sell

Current Market Cap: £163.2M

Find detailed analytics on TLW stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1