Tullow Oil struggles to convince on Ghana-reliant debt-reduction plans
Tullow Oil’s full-year earnings left analysts unconvinced that the company has turned the corner on reducing its debt.
After-tax profit came to $49m versus a year-earlier loss of $81m, the company said in its full-year earnings presentation. Net debt at the end of 2022 fell to $1.864bn from $2.131bn a year earlier.
Source: Theafricareport.com