Tullow Oil plc - Overview Presentation

Tullow Oil plc - Overview Presentation SUSTAINABLE FREE CASH FLOW GENERATION Underlying free cash flow¹ $m 90k 500 boepd ~87k boepd ~75k bopd $423m ~$490m ~$350m capex $68/bbl capex capex Factors impacting 2020 free 400 $411m $64/bbl $70/bbl cash flow guidance: ~$350m 300 ↑↓ Oil price ($5/bbl +/- $100m FCF) 200 ↑↓ Working capital movements (+/-$100m) 100 $65/bbl $60/bbl ~$150m 0 2018 2019f 2020f Assets continue to deliver free cash flow 1 Free cash flow: Cash flow after all costs, capex and financing but before dividends and debt paydown. Slide 7 TULLOW Un

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