JULY 24 - TULLOW HALF YEAR RESULTSTullow gave an exciting presentation to investors earlier today (copy of presentation is available for download on their website).
Angus McCoss provided an update on their ongoing drilling program offshore Guyana from which they expect to announce results from Jethro sometime in mid-August. They also announced their plans to re-start their exploration program offshore Suriname in 2020. In addition, depending on Tullow’s 3-well campaign (including the Repsol well), they are planning an option to continue their program in Guyana through 2020 with +2 offshore wells.
Per Tullow, the Guyana-Suriname basin remains the hottest basin in the industry - with much upside to test new and existing play types up-dip from where Exxon has been active.
No change to their previous probability of success for both Jethro and Joe which is above 40%.
All in all - some big news announcements expected over the immediate future.