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flag Tullow Oil reshaped its board, cut production forecasts, and faces financial strain from Ghana delays and looming debt.

flag Tullow Oil appointed Roald Goethe as chairman and reduced its board to four members in a major governance overhaul aimed at improving efficiency and supporting debt refinancing. flag The company, now focused on Ghana after selling assets in Gabon and Kenya, cut its 2025 production guidance by nearly 20% and reported an $80 million first-half loss. flag Despite a 15.9% stock surge, analyst sentiment remains bearish, with a "Reduce" rating and a target price of GBX 12.85. flag The company continues working to stabilize finances amid delayed payments from Ghana and over $1.8 billion in upcoming debt maturities.

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