Tullow Oil drops after unveiling £607m turnaround rights issue

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Follow-ons and Rights issues

Tullow Oil drops after unveiling £607m turnaround rights issue

Aidan Gregory
March 17, 2017 02:00 PM
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Shares in Tullow Oil, the UK oil and gas drilling company, fell 16% on Friday morning after it announced plans for a £607m rights issue to strengthen its balance sheet after oil prices have rallied from their slump in 2015.

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