Tullow Oil plc - Overview Presentation

Tullow Oil plc - Overview Presentation PRUDENT FINANCIAL MANAGEMENT $/bbl 20 Unit Opex 15 10 10 5 $m Net G&A 250 200 150 100 50 TULLOW Di 0 0 2015 2016 2017 2018 2019f 2015 2016 2017 2018 2019f $m 400 300 200 100 Financing costs 0 2015 2016 2017 2018 2019f Oil price (199/$) 2020 Hedging Programme Maximise exposure to upside $88 40% 35% sales volume 25% sales volume $57 sales volume 60% protected by floor Unhedged Puts & 3-ways Collars Major business review underway to identify cost savings and re-size appropriately Slide 4

View entire presentation