Tullow Oil’s Value Plunges

The transcript discusses a company's current financial situation, highlighting a price target of 65 pence per share, which sets a ceiling on potential share price recovery. Despite a recent 70% drop, market speculation about a potential buyer exists, but the valuation remains high. The company faces future challenges, needing either an increase in oil prices or a new commercial asset to meet its 2022 financial obligations.

What is the current price target set for the company's shares?

• 50 pence per share

• 65 pence per share

• 80 pence per share

• 75 pence per share

What was the percentage drop in share prices last week?

• 80%

• 50%

• 60%

• 70%

Why was the speculation about finding a buyer dismissed?

• The market is too volatile

• There are no interested buyers

• The shares are still too expensive

• The company is not for sale

What significant change does the company need to avoid future trouble?

• Decrease in production costs

• Reduction in workforce

• Increase in oil prices

• Expansion into new markets

By what year does the company need to address its financial obligations?

• 2020

• 2021

• 2022

• 2023