Tullow Oil share offer on Ghana Stock Exchange opens
British oil producer and major stakeholder in Ghana’s Jubilee oil field has announced the price for its share offer on the Ghana Stock Exhange (GSE).
In a press release issued Monday June 13, 2011 and copied to ghanabusinessnews.com, Tullow puts the price per share at GH¢31 per share, adding that the offer prospectus and application forms have been published.
“The offer price represents a 2.57% discount to the closing price of a Tullow share on the London Stock Exchange (LSE) on June 10, 2011,” it says.
According to Tullow, it is expected that admission of the Offer shares to the GSE will take place on July 27, 2011.
The oil producer believes that the offer of its shares on the GSE will give investors the opportunity to share in the future performance of Tullow’s operations in Ghana and more broadly across its global portfolio of assets.
“This listing and share offer further demonstrates Tullow’s long-term commitment to Ghana,” it added.
Tullow announced Tuesday May 31, 2011 that it was planning for a secondary listing of its shares on the GSE and it is offering four million shares in Ghana.
The company first made known its intentions to list on both the Ghana and Uganda Stock Exchanges in January 2011. Tullow also has projects in Uganda’s nascent oil sector. The General Manager of Tullow’s Uganda operations, Brian Glover was quoted by the Telegraph newspaper as saying that after discussions with its shareholders, “the idea was welcomed by all.”
Tullow Oil has increased its stakes in Ghana’s emerging but promising oil sector. Last Thursday May 26, 2011, the company announced that it has entered into a conditional agreement to acquire the interests of EO Group Limited (EO), a Ghanaian owned-oil producer. The shares, Tullow said, consists of EO’s entire interests offshore Ghana, for a combined share and cash consideration of $305 million.
This acquisition, according to Tullow will increase its interest in the West Cape Three Points licence offshore Ghana by 3.5% to 26.4% and increase the Group’s interest in Ghana’s world-class Jubilee oil field, which it operates, by 1.75% to 36.5%.
By Emmanuel K. Dogbevi
Bissah Kofi
June 18, 2011 at 12:44 pm
Some of us have been looking foward to hear something like this, so that we can also investe the little we have.Thank God Tullow has come up with a decision like this. Long live Ghana long live tullow.
Julian Asong kokroko
June 18, 2011 at 9:01 pm
i deem it a great joy,that finally Tullow oil is ready to make it a reality for Ghanaian people to be part of its operation. congratulation.
sebastian osabarima nassi
June 20, 2011 at 11:12 am
thaaaaank GGGGGGGGGGGGGGGoddddddddd 4 this opportunity.
Nana Frimpong
June 23, 2011 at 12:06 pm
Good nuus there,but i will be much glad if shareholders are given frequent update to on how the company is faring daily.thanks
Anthony Abedu Mensah
June 28, 2011 at 6:32 am
i soo grade to see this great opportunity in Ghana’s Stock Market.at least it is going make some of us,our dreams to come by investing our little money into it.
JOE KWAKU ADUNA
April 21, 2012 at 8:26 am
I am a man residing in ltaly.l felt really elated after catching a glimpse of the advertisement of Tullow Oil Share Offer. We are eagerly anticipating the desired dreams might come through.Congrats to Ghana Stock Exchange and Tullow Oil.
Anthony Abedu Mensah
June 28, 2011 at 11:29 am
i’m soo grade to see this great opportunity in Ghana’s Stock Market.at least it is going make some of us,our dreams to come true by investing our little money into it.
Ike
June 30, 2011 at 12:46 pm
Good one there…does anybody know if MTN or Vodafone, TIGO etc will get on to the GSE?
Tugbenyo Godfred
July 11, 2011 at 3:41 am
It’s an exciting moment for me in particular. I have for long been looking for an opportunity of this kind and now that it is here it’s a dream come true. Let me use this platform to call on the youth to rise and grab this opportunity in investing in the future today. with tallow,the future is bright. Thank you tallow
Asa Newton
July 13, 2011 at 5:14 am
I do agree with you Ike. I beliebe MTN and VODAFONE in particular should get enlisted on the GSE. Its sad to see these big multinational and foreign companies getting rich from Ghanaians and will not give us the opportunity to invest in their ( ours also) company and reap the benefits thereof and yet they will be amongst the lots that complains of Ghanaians and Africans in general lack the culture of savings and investments.
albert tawiah
July 25, 2011 at 2:36 pm
thanks be God almighty for such a good luck.We are really happy Ghana has gotten a big offer like this which will the individual to invest their widows might.Long live Ghana, Long live tullow oil and may all your product excel.
Michael
August 4, 2011 at 7:17 am
whats the stocks going for
ALBERTA ACHEAMPONG-BOAMAH
August 6, 2011 at 9:22 am
we thank GOD for tullow on ghana stock market. Ma biggest dream is to work with tullow n i wil work with tullow .
george amanor
August 26, 2011 at 6:29 pm
how cam i purchase this shares.please help me out
Kenneth Asante
September 22, 2011 at 5:20 pm
I dont know if one can make transfer of his tallow share account to another bank. Could someone please help me?
TORGBE AGBETI
September 25, 2011 at 9:31 am
how do i send u my email so dat u can reach me online pls?
Dominic kesse
January 4, 2012 at 11:38 am
Thank God for everythings.amen
Matilda Appiah-Adjei
January 21, 2012 at 12:55 pm
whats the stoke going for and how can i purchase this shares,please.
KYEI BAFFOUR GEORGE
March 23, 2012 at 7:43 am
how can i purchase a share pls
nketia richmond
June 28, 2012 at 3:14 pm
this is a great news.we the investors have to capitalize.
Bentum
July 3, 2012 at 10:39 am
can i still get some shares to buy?
Kwaku Amponsah
August 22, 2012 at 3:33 am
I want to buy shares, can i get some to buy? How much should I have in hand in other to be able to purchase your shares…Thaks.
mahama abdul hakim
December 11, 2012 at 6:17 pm
how do i buy shares from your company
ibrahim jazuli
January 21, 2013 at 12:15 pm
sir/madam
please i want to buy shares from your company kindly inform me if available
thnk you
this my number 246359266
amegborpeter@rocketmail.com
February 16, 2013 at 12:37 pm
Please i want to buy some share but i do not know whether is still available,my name is Peter Amegbor,My number is 0546772969 and my email is amegborpeter@rocketmail.com,please kindly inform me.thank you
Ruth Acheampong
April 7, 2013 at 1:44 am
what is the minimum amount one can use to buy a share from your stoke exchange market?pls let me know.Ruth Acheampong 0245300551.