Tullow Trading Update

Nothing new but nice to read, from Tullow's trading update.

NEW VENTURES Africa In February 2018, Tullow signed a further two exploration licences in Côte d’Ivoire (CI-524 and CI-520) adding to its existing portfolio. The work programme across Tullow’s onshore blocks began in early April 2018 with the start of a full tensor gradiometry (FTG) gravity survey. The Group expects to acquire 2D seismic in Côte d’Ivoire in 2019. In Mauritania, a large 9,000 sq km 3D seismic survey commenced in December 2017 which is expected to be completed in June 2018. In Namibia, Tullow plans to commence drilling the high-impact Cormorant prospect in the PEL37 licence in the third quarter of 2018 and preparations for drilling are now well under way with a contract awarded for the Ocean Rig Poseidon.