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Fri, Jan 23rd, 2009
Tullow Oil to Raise £400 Million on Capital Market

Tullow Oil, the exploration and production company that has had spectacular success in finding oil in Africa is expected to announce a share placing Wednesday morning to raise about £400m. The issue, worth about 10 percent of the company’s market capitalization, will help Tullow refinance its debts and develop its oil discoveries and prospects in Ghana and Uganda.

Bedrock Venture Capital Finance Company

 

 

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