Investors in Tullow Oil can take comfort, perhaps, from the rather more upbeat tone that the company has adopted of late. It raised production targets in November and yesterday outlined a plan to increase output by more than 60 per cent going into the next decade.
Tullow was founded in 1985 in the small Irish town of the same name by Aidan Heavey, who is still its chairman. It was listed on the London and Irish stock exchanges the following year and today has its headquarters in London, although it continues to focus mainly on seeking out and extracting African oil and gas. It has more than a thousand employees, as well as interests across dozens of countries.
Investors with reasonable memories probably can recall