LONDON OIL EXPLORER AT RISK OF DEBT DEFAULT
https://s.yimg.com/ny/api/res/1.2/zhms4jfZeHdJrwQUG1EbuQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/8908982801e675c0599fbf94e055fe52
✍️ Tullow Oil, a London-listed oil explorer, is at risk of defaulting on its debts due to a dwindling cash pile and a looming $1.3bn bond repayment.
👉 Tullow Oil is at risk of defaulting on its debts 👉 The company has a dwindling cash pile of less than $200m 👉 Tullow has a looming $1.3bn bond repayment in May next year 👉 The company's credit rating has been downgraded by S&P Global 👉 Tullow is trying to persuade lenders to agree to a refinancing
-- #AidanHeavey #London #Tullow #Dublin #Kenya #Gabon #Ghana #Côted'Ivoire #business
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