Tullow to continue on takeover trail after €862m offer

TULLOW Oil chief executive Aidan Heavey said yesterday’s €862 million offer for Hardman Resources would not be the firm’s last acquisition.

The offer to buy the Australian firm is Tullow’s biggest takeover to date and twice the value of its last major purchase of Energy Africa in 2004.

Mr Heavey told the Irish Examiner that the company was only getting started on building up the business.