Tullow Oil considering stock market listing in Ghana and Uganda this year

IRISH exploration company Tullow Oil is considering additional stock market listings in Ghana and Uganda this year, in order to reflect its growing presence in the region.

A spokesperson said yesterday that Tullow is investigating the possibility but no decision has been made yet and no firm timetable exists, despite some reports suggesting such a move could be finalised by April.

Listing on the Uganda Security Exchange and the Ghana Stock Exchange would reflect the presence Tullow has built up in the two African countries in recent years and would give local people a better chance to get on its share register and potentially share in its success.