TOU tlou energy limited
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News: TOU Tlou Energy Will Be Implementing Significant Cost Reductions Across Company

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    24/03/20
    13:25
    Post #: 43668319

    March 24 (Reuters) - Tlou Energy Ltd (TOU) :

    • TLOU WILL BE IMPLEMENTING SIGNIFICANT COST REDUCTIONS ACROSS COMPANY
    • MANAGING DIRECTOR TO REDUCE 50% OF CURRENTLY CONTRACTED RATE BACKDATED TO 1 JAN 2020 & THEN 25% FROM 1 APRIL
    • COLM CLOONAN, GABAAKE GABAAKE AND SOLOMON ROWLAND WILL REDUCE TO 50% OF THEIR CURRENTLY CONTRACTED RATES BACKDATED TO 1 JAN
    • IN COMING WEEKS, COMPANY IS INTENDING TO SHUT‐IN ONE OR POSSIBLY BOTH OF PRODUCTION PODS
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