Tullow shares tank as shock CEO exit plunges oil company into crisis - Independent.ie

Tullow shares tank as shock CEO exit plunges oil company into crisis - Independent.ie

Shares in Tullow Oil fell by 70pc yesterday after CEO Paul McDade quit and the group revised down its production forecasts.

The move knocked £1.4bn (1.6bn) off the value of the Irish-founded company.Angus McCoss, exploration director at Tullow, has also resigned and now a sale may be on the cardsA major review of the company is under way, with the next update from the Africa-focus… [+2055 chars]

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